Excuse my french, but this is unfucking believable. You can't seem to get two consecutive red candles before it falls flat on its face. Is this the way we'll trade 2009? Some scary thoughts.
I think I may take a month off to adjust to this "normal" trading environment. I having extreme difficulty trading these markets since the volatility dropped below 50. VIX is still DOWN today even with ES down 14 points. Maybe there are too many ES traders, many being high-volume scalpers who look for 1 to 2 points per trade.
Serious question, what is a red candle and what timeframe? I can't read candlesticks, I assume you are referring too.
That inverse head and shoulders was a sign to tighten stops. EDIT: NOT an inverse h and s--just a regular one. Surprisingly, the selloff in the 10 year note did not lead to a significant pop in the ES and NQ (though NQ has been stronger). Not sure if is a trend sell day--still see this is a range trading outside day. We'll see how strong the brakes are if it gets to the day's low!
Considering the full impact of the unemployment number on the market, this really is the most retarded day I have EVER encountered in my entire career!!
About damn time! What took you so long?! It took 30 minutes to plunge 25 points in the morning. Think it's possible for another repeat?