Don’t laugh, but I put some in spreads spy 84-83, so for an ‘outside week’. Some where 0.03, so you can see where the odds are
I believe I agree with those odds. LOL. Barring any escalations in the Russia-Ukraine war or something else I haven't considered. An Outside Day today wouldn't be a shock, though. Expecting it to bounce around 90/93. If not - watch out below.
Booyah! 90 printed. Almost salvaged my prior losses. Maybe I can end this green after all. Waiting to see what happens in this area now. Still think that Outside Day is possible, so I'd like to see a good bid to convince me otherwise. PS: I went deeply red today pretty much from trading at the office without my full set-up. Just stupid, really. Hopefully that was the last time I did it.
Friday's gap filled. That may have been it for the LOD. Back up to 6005/6010 if this catches a bid from here?
Going back to 2007 (as far as my minute data goes) - we've only had 28 out of 921 weeks gapping above the prior week high and not touching the prior week high by week end. That was the main data point I was leaning on earlier. Looking at weeks gapping up above the prior week highs that's 99 in total, so still a fairly small percent.
Because the V force is just too damn strong! Same thing every time during the past 2 years. It can’t handle red and these fake reversals always V.