Hmm, portfolio is down only $2100 now. I gained back $600 of money I did not lose by not losing it. See? So easy, a caveman can do it.
P.S. Mr. Apprentice, look for a second test of today's low of ~2,555 tomorrow. It could get nasty. Just a feeling.
Daily and Weekly trend lines on the ES still intact. Take those out with conviction then it's time to check your boner.
Every time this market pulls back a bit, every bear in the woods comes out....This is it they claim. And one day they will be correct...Until then the trend is still up.
All price action features consolidation points, corrections, and retracements. It’s an unavoidable and even quite necessary Universal tenet. In fact, an old mentor of mine once schooled me that he wouldn’t buy into a rally or short into a sell off without a retracement or correction because it’s providing the volume or fuel to sustain that market thrust. Is the market now going to have a truly meaningful sell-off or will the rally continue? I have no freaking clue. It’s all about calculated risk.