I noticed this recently, which is why I got TFO of my Dec MYM long during the holiday break. I ain't carrying a roll during an election year such as we have this time, no sir.
I believe his mind sees the massive string of rejections below the blue line, and already has his sell limits submitted. As for me, I like tails. I'm gunning for a geyser of capital getting injected next week, for MAXIMUM PAIN!
Sorry, but I no longer share in such a negative view of the world. I'd rather prefer MAXIMUM JOY than MAXIMUM PAIN. Instead of concentrating all the wealth in the hands of just the few, I would like to see smaller slices of that wealth equitably distributed to everyone. As human, everyone deserves to be happy after all, don't ya think?
I'll see your 5580 and lower it to 5577.50 Here are my trades today. I have covid and so my Labor Day weekend is extended a day. No more trading for me today. Net was almost 6.25 points. One short and I let myself get shook out of it. Two longs managed perfectly.
I'm happy with 5590, but I see the potential for lower. Shorted the Globex highs for a pullback trade and guess I got lucky. LOL.
Black Monday? 1st possible bounce spot here. Thinking it's too early. September exceeds its reputation if we lose the 80 area as soon as today.