out ....futile to short a rigged market free money for everyone..forever just chop for the rest of day....won't go above 2102 and won't go below 1998 I feel for anyone holding options cuz they are reckon to be worthless both ways...however I will be selling options all week
Who are your charts through? I like looking at volume by price charts, but none of my brokers have them, vokume is really the only other indicator i use besides support/resistance and L2.
Markets setting up a big time squeeze if we take the top off here, no one was expexting this, this morning.
PACB back up again today once its on SSR, this is like shooting fish in a barrell, cant wait for it to come back off tomorrow. Already pulled more than 20% out of this pig.
I thought the exact same way as you this morning, but didnt take the trade, i think most traders thought it was breaking down this morning. Based on my own numbers, im not profitable on that setup on the shortside, with the sandp, it loves to reverse and screw the shorts too much, mostly i only short when im on resistance, rather than trying to short the breakdowns at the lows, because it holds so often, especially in a bull market, market makers love sticking it too over aggressive shorts in those cases.
When daytrading one always expects that a trade/market direction may be misjudged, yet hopes for the best