welp, shoulda held it of course! lol. Nice rip. Hopefully get a pullback at some point to get on the long train again and it doesn't just rally 60 points with only tiny pullbacks here! caught a bit of the move on the YM flat now adn just hoping for a pullback of some sort
5520 would feel like a 'crash' in this market and can't imagine them letting it drop that low, but that's around where i think i want to try longs again
lmao market is in meltup mode. When it trades like this there's no chance of it going down. If it were to fall it would look and feel different and you'd know the difference. Still NQ/ QQQ will get you the best returns in this holiday week meltup which was not only expected, but guaranteed.
i only wanted a little intraday pullback. But yeah, i was asking a bit too much and I knew it. Should never have closed my long earlier! was a great price in hindsight lol Nice day, though. All long trades (bar one scalp) (ES and ym and one nq) buy dips, buy breakouts!!
I'm in a kinda scalping mentality these days. Not scalping for a tick or two, but for a few points. Daily chart shows us day traders where we should be looking to buy and where we should be looking to sell. If price breaks above those highs, if the breakout holds, should get a nice rally leg higher. Using that channel, if we get a breakout anytime in the next week, the upper boundary target would be in the low 5660's. Right now I would expect another test of the 5580's before we see a return to the 5500-5520 levels, if we see prices that low again at all.