Holy F this is weak. Gave back most of my pre-market gains on this fast market open, but I took a late short that shouldn't have worked, but is working. Should be fun to see if this rolls completely over.
5333.50 should see a scrum. The highs of July 25 and July 29 and the turnaround trading range. I wonder if a trap door opens below there? Or will it be a trampoline?
Wow. Looking like bear market swings out there. Tread carefully. (No I'm not saying we are entering a bear market.)
Someone posted here that they don't pay attention to the price of previous daily bars. I find the daily chart to be the best chart to keep me right sided most of the time on the intraday charts. Not criticizing the other forum member. Just making a mention that what works for one might not work for someone else, and vice versa. The last time a 5 minute bar made a higher high than an earlier 5 minute bar was 9:50 AM, which led to the fourth failed breakout of yesterday's high price. Nasty, nasty, nasty!