Looking good and my semiconductors and precious metals are doing well also. SP cash gap filled yesterday and also the one today filled. Staying long.
Reversed off yesterday's high for now. Let's see if that holds. I'm taking a stab at the long side here once again, but I may be too early in case we go for the full gap fill.
seems like a swing trader's market to me. also a few megacaps along with qqq took out opening range lows, and are now reversing. I don't like to buy into conspiracies, but it seems like the algos like to shake people out at the beginning of the move and then not give them a good chance to enter later. peter brandt alluded to this after he returned to trading after his hiatus
I'm curious if the window dressers have enough strength to reverse this entire day all the way back up to 4090 - 4110 by the Close. What I know is that these days tend to not reverse at this point in time. And reversing off yesterday's high was a tell, IMO. So, cautiously optimistic, but not in any way over confident after this larger pullback. Added one at 70. May add a few more above 76 if this picks up steam. 76 could reverse it, but better if we move right through...
Not going to add as it will take my entry to close, but I will hold this at B/E and swing for the fences.
I can see the reversal in the last two hours like yesterday, which all looked traps to me, stay short.