Seems like this was the trigger. I usually check the scheduled news, but this one was marked as low impact, so I suppose I neglected it. Seems like an overreaction.
Agreed. I was expecting any drops to be bought today, so I bought it when momentum slowed down. Trailing a tight stop here now as I'm not sure we'll see much more upside today. My greed says to hold, but my data says a breakout is not very likely to get legs... EDIT: NQ attempting a breakout on the daily, here. Let's see if ES can tag along. I'm not holding my breath.
Flat here. Let's see if it breaks out now... As it appears unlikely, I figured it wasn't worth swinging for the fences today. + 462.50, but feels like a scratch day.
bought vix july 50 cents, target exit 65-70 cents, can't be greedy. i have trade vix calls since march, eveytime drops below 17ish, 15-20% gains in few days usually.
My guesstimate is that we continue to head higher into the report on Wednesday which may mark a top for this leg around 4200 SPX, after which we start to retrace within the uptrend to 4000 perhaps 3900 SPX to provide sufficient interest to then propel SPX to 4300+.
why wouldn't you close long now and wait for the dip, for a possible 4200 push? i know you are long. the risk reward is not here except for volatility.