LETS GO don't even fully know or care what report came out at 10:00am thats the volatility we needed.
LOL. I don't put people on ignore because it's part of reading other traders, and knowing which ones to fade.
ES finally in the green even though VIX has been trending lower all day. (Well, not anymore for now ). Looking at the VIX it looks like there could be plenty of upside movement today if we can break yesterdays high.
We'll see how today plays out, but so far, going according to script with the bounce. Will protect in case but this is one where being older may have helped me -- with the sell-off after hours I was like "I have seen this movie before."
Here is why it's hard for most folks to hold long for an extended period for extended gains. The red bars are debilitating to the over-extended trader watching in real time and they end up bailing. However, one needs to look at the action as a whole---