We'll see, but I think we're due one day of either chop or a small dip. Best trading to bulls, bears and even pigs (I'm not looking at anyone, just as a general statement )!
Well, I'm long here, but not betting the farm. Took a few scratches already. I figure if we breakout above 60 we should get that 6200 print today. If not - probably a boring range bound day with a reversion back in yesterday's range.
The market's in easy mode currently (if you have no issues or political baggage which prevents you from going long).
after closing that last batch of longs i'm only long from my long yesterday at what was the HOD, but luckily that's in profit now. I'M expecting us to go a fair bit higher going forward. I'd like a dip today too add to the long Want to build a position to cover this batch at maybe 6300 ish. If it goes there now i've only got a very small long on lol
Killed the long. Powell testifying soon. Not sure how much of an impact that will have, but it could. Stalking the next long entry. Probably a gap fill at least if 50 doesn't hold here.
Yesterday it caused a bit of volatility in the spread at the beginning, but very soon, after it was clear that there was no new information or surprise, we just edged higher. IMHO, his testimony today should have a negligible impact, but we'll see. AFAIK, we're still in buy the dip mode, I just don't see us breaking out decisively to new ATH without some sort of catalyst (and there's plenty of room for negative events/effects).
Thanks. And agreed. I'm not super confident about 6200 today. Just think it's most likely and worth positioning myself for in case I get lucky.