Exactly, everyone can scream the V always works, this market can't go down, etc ... If only it was as easy as that.
Looks pretty bullish to me from here if 18 pops and 10-11 holds. Let's see if the Thanksgiving algorithms can give this a push. Maybe 30-35? 40 seems like too big an ask, but we've seen stranger things...
Wonder how many shorted that 6010 break. If this rips a stupid move now I'll be mad. Stopped out for 2 points on longs I held the entire afternoon. Re-entered long, but baby sized. Thinking 20 pops, but the day is basically over already.
RIP Thought they would sell off going into 4 day holiday, but not to be with these V-freaks. Have a nice Thanksgiving, yall!
But it works most of the time and in this market, it always makes a V. Question is always will it be the same day or 2-3 days later, but it's never actually going down. If it's the same day, pick your time. 9:45, 10:15, 10:30, 10:45, 11:15, 11:30, 11:45 and get your V. You might not always time it perfectly and take an occasional hit, but this market really can't stay down. I feel pretty confident that QQQ will complete another V by Friday even with the short session.
You seriously think that? On a big enough time frame one could argue the stock market's been in a forever bull market since inception.
Wasn’t that the motto of ancient zero hedge: ‘On a long enough timeline, the survival rate of shorts goes to zero’
Why don't you post some live trade calls like others are doing here, maybe we can learn a thing or 2 from your V calls. Are you long NQ or QQQ for your expected up move?