That's all very speculative. Again, I invite you to extend your repertoire from bull market and bear market and include range bound market in your vocabulary. Because that's what this is, IMO. Yesterday, when sentiment was fairly bearish here in the journal we likely came into a range low and will start moving higher again for a bit. And I think @Overnight who's received some salty remarks from others in this thread actually gets it. This is a post-FED market and players are still trying to figure out what that means and what the new playbook is as it's certainly a different one than the one most people are conditioned to from this last decade.
Is feel something you generally use for your trades? You seem to have pretty good entries most of the time. I was long and just stopped out B/E. Still leaning long, but no way I'm going to enter anything inside this mess and get chopped to pieces. Let's see where RTH opens.
feel plays a role with me. I'm just a noob trying to navigate these markets best I can. Nothing fancy. No super predictive algo. I felt like this area has been shown to be decent reistance recently. The market has been chopping about this morning (especially the Ym which is in an ever cleaner range) And any move much higher than my entry had me thinking that bigger players would step in for a potential bigger run up and I didn't see them doing it in globex (assumed they'd wait for RTH IF they were to ramp) so tried the short
I want a long entry here (16) and I'm tempted to take it, but I don't want to become a bag holder here. So, waiting for the Open. So far this year we haven't had many large gap ups on the Open. Only 5/35 exceeding 20 points.