The masters of the universe have decided to sell into the market opening. I assume they will unleash their inventory to push down prices.
The machines are in TRUE FIGHTING SPIRIT TODAY. One wolves pack trying to "overrun" the other wolves pack.
Lock in 20 points here just in case. Reduce limit sell to 5535. Just in case. 5540+ still looks good to me, but won’t be around to monitor actively.
Could have been a memorable bear weak, but it's marred by the all green day today. So really just Wednesday was the big sell. Monday and Friday both all green. Tuesday green most of the day. And Yesterday spent more than half of the day green. But the huge drop on Wednesday. Couldn't finish this week off with a rare 4/5 red days. Had to gap up and pump like crazy. Now we sit back and watch them bring this back to 470 next week. It really is magic. Bear markets or trends are always so fragile. The market naturally wants UP. On a dime it can all end and the volatility disappears.
I appreciate this. Yeah this place just brings a ton of negativity and not feeling the vibes. I def don't know everything. Got fooled again thinking this was abear market and that it had legs, and now of course it's gone just like that. I'm exhausted. Have to expect the one or 2 super red days every now and then as part of life and brush it off. Even when it's down this market still wants to go up. The way it can just pump and make V recoveries. It's still the hardest thing in the world to bring down, even with the 3 good drops over the past few weeks. It wants to pump, rip, gap up etc..
It may bring negative feelings but how do you think trading on a desk or fund would be? These people are gentle, diamonds and a well of wisdom. Thin skin and trading don’t go well.
Well, it's just in the way you present it. I mean there's no doubt it has behaved just as you are saying for quite a while now, and it certainly can continue to do that. It probably will. But instead of commentary on that all the time, maybe just shout out the reversals as you see them day to day. Or inta-day if you're here and trading the zdte options. Maybe just do one post at the end of the week commenting on the V or lack thereof --- because constantly repeating your point of view in an attempt to convince others you're right and know more than they do, especially with modifiers as strong as "always"... probably makes some folks here that have been trading for decades go into attack mode for fun. Just a thought.
Lock in 50 points at 5500. Just in case. Moving limit sell to 5540 again. Ready to trail myself out. EDIT: Since I'm around to monitor, I will move the stop to 5490. I don't think we're done above yet.