Looking for 5030 as the possible downside target for today, where I'll be happy to unload a few burdens (handles, whatever) off my shoulder.
Unlike the previous sessions, we didn't get the relief rally at the end. Doesn't that tell ya anything? Stay tuned.
The market closed literally 25 points from all time highs. I wouldn't read too much into it. Regardless, I think the CPI print tomorrow is what's on everyone's radar and which will likely trigger a new short term direction. Hell, even if the number comes out hot, I'm sure it will be a good buy as the markets seems to be back in the 'nothing matters' phase.
Took a look at some similar days. My guess is that unless tomorrow's CPI is a trainwreck - we rally tomorrow. I would take my profits and run, @schizo, if you're still short. Great entry, though! I didn't catch it and bought the dip a few times too many until my mind finally switched short. Bought this dip, though. 5034.50.
I took half off the table already, so ain't too worry. But I have a feeling the market will swoon after tomorrow's CPI. Just a hunch, of course. From what I'm told, the grinch is late to the party by almost 2 months. But I say he's early by 10 months.
The fuck does that matter? You are the most incipient trader ever. In, out, in out. You do not hold any direction beyond what your personal compass says, so fuck it. You be you and do what you do. It is refreshing.
This is the best thing you've ever said on this board. BTW I love Ozzy. Now let's go bark at the moon.