Please have a 3% pullback, now there is no opportunity to trade, high watermark and human are scarce to trade, all bots.
Or on the wrong side, with human instinct, but lost. I did it again today, in red. I felt the whole afternoon were bots, keep going up. Got squeezed out at 4592.5 before 4pm closing, predictably it went down at 4:01pm, lol.
Enjoying summer on the beach? Yapping on social media and doing errands myself. Waiting for a new trading computer, not that one would be needed for days like this.
My algos have been trading. The "churning market" ones are creeping up equity, but the volatility ones are asleep. Have not placed a short trending trade since May, because it has to really move*. Just boring stuff and working on new methods, getting a good quiver together. Also getting ready to start using a co-location VM Aug 1. *No Shorts for this lone is an issue, so I am working on a short "scalp" type algo as we speak.
SPX new high in low volume, not sure but Mike Wilson capitulated, maybe the retracement will start now.