Sounds like me when I first started day trading, but after losing I lot I finally learned that it's easier to go with the trend which is up most of the time on stock indices. Back then the market was really easy and there were a few here who must have made a ton of money simply going long - while a lot of the 'smarter' people got rekt daily and I'm sure we secretly hated those guys who just went long almost anywhere and made a ton! LOL. I also realized that the market's not the economy and I 100 % believe the market's rigged to the upside. V-boy is right in a few aspects, but where he's obviously wrong is all that talk about zero risk and he ignores the fact that for a V to form there first needs to be a drop. This is not an easy market to navigate currently.
Right now, weekly shows our price 95 points than the the open on Monday. It would be hard for me to get real excited about a short here as it appears to me that we are still in an uptrend. I would need the short to be more obvious to be able to commit to it. We'll see if price stays up on the weekly near the close. Monthly is in massive uptrend.
At the moment, it appears that the action today is within the daily bull flag that CTS was describing earlier as the down trendline channel.
I was thinking about that, too. I don't think we're ready to break out of it, though. Too much uncertainty, in my opinion.
That bull flag (down trendline channel) is actually also the handle on a nice looking cup and handle pattern that should take us to 6280 cash in my view.