maybe 48-50 ES which is 50%. I was bearish at 80-90. This mornings reversal only makes me more bearish. Spy option interest also gave away the run to 80-90 as well
Flat @ 56 on a "too tight" trail stop. The market looks overextended to me at this point, so I`m not willing to sit through a deep retrace in any case.
I was prepared for a gap fill this morning and all look set for a long from the open. The sudden spike in the pre-market caught me very off guard and it was a possibility that I will honestly admit I had not considered at that point considering the AH range leading up to that. We then completed the gap fill from above, which was a scenario I was less prepared for. That made me scalp large parts of the day and getting stopped out on "too tight" trails on the short side because I had no conviction or a clear target either way. Now we will probably rally to the day mid or something, but I`m done for the day Or just catching up with the EMA perhaps? Later traders.