Well, look at that. Dip buyers gobbled up that pullback. Looks like the pullback low for now. Last trading day of May today as well. Makes the case for a larger move going into the Close. 5960 + looks possible if this gets traction.
??? Tried to short but didn't get filled. I don't want to FOMO even if I think we'll see lower low. 34pts SPX range currently. Vs 60avg last 21days.
taco trades losing stream, all the negative news on trades and price increases at major retailers are not getting sold, or maybe not yet.
Well, that was an evil fakeout to the upside. Give yourself a pat on the back if you're navigating this successfully. Anything goes in this volatility. Could drop to 5880 and rally hard into the Close. Not the most predictable market these days...
Glad I'm not trading today. High chances I'd be chopped up. If this drops it will be the hardest short in a long while as every micro dip is bought. Back to watch the Close later. May have to wait until then to see some action.
Aloha @SammyJ, would it be possible for you to elaborate on this comment, please? Are you talking about 'today', literally?
Tried this ... Didn't take any short. Let's see if we can close btw SPX 857 and 902 Probability is 2/3 payoff is 1/1. The high / low should be set (more or less) 910/843 currently.