Stopped out on the prior for a small profit. Got back in long again with an avg. of 96. Not so sure about this one today to be honest. Stats. suggest a higher close from here, but this is some weak juice at the moment...
Wacky close. Tomorrow should be interesting. Wondering if today was in fact a reversal day or just a much needed pullback. I'm preparing my mind for the short side. Missed it today as my mind's been in 'long mode' lately.
Leaving the position open. Hope to see another 100-handle drop tomorrow. If today was simply profit taking, we might see a turnaround. But if this is a genuine sellof due to underlying macro, then we'll see more selling in the coming days. Personally, I can care less which is which. This market is fickle as fuck anyway.
Last time we saw a similar Outside Day as today we recovered next day, but it was an Inside Day. With Powell speaking tomorrow I figure anything could happen.
Everyone here already knows you've been sharing the same bed with V-man. But no worries, we all understand.
Its been a crazy steep rally for the past few weeks which I just don't think was sustainable. The trend line has broken now, but I think we will go side ways for a bit and then establish a less steep uptrend again.
Last year's symposium. Funny how the prior Thursday was an Outside Day, too. Haha. I was shorting plenty a few weeks back. I'm just slow to adjust. Bear with me...