the way the algo currently running in ES works, its designed to 'travel' price up with metered orderflow. Its designed to take it up by certain percentage before NY open.
You are such a joke. Ignore every right call and focus on the wrong calls. Cool man. I never called Monday up. I said it would start buying the dip. Done arguing with you.
This comment requires elaboration. The algo? Just checking in after a few hours of sleep. Looks like it stalled after that 5300 push and failed breakout of that level. My hypothesis still looking attractive to me, i.e. back down to 5200 or more. Let's see what the London Open does.
I didn't say anything about not buying it, buddy. The point I was getting at was that if it was a bargain at 5 % down, surely you must have thought it to be a bargain at 3 % down and maybe 4 % down, too? That's effectively the difference between having a wildly profitable trade and blowing up your account. Did you trade during 2020? There were multiple limit down days exceeding 10 %. I suggest you're the one who actually need to look at what you're doing and yes, you should be scared, because you put forth ideas, views and information that can be very dangerous both for yourself and others who might be reading. It's disinformation.
Maybe I'm being stubborn, but I want my 80 point down move. Reducing risk to two points at 83.75. If the 60 level breaks - it may be happening.