I still think we are close to bottom. I got my bottom call wrong for Wednesday, so this is either brave or reckless, still expecting a bottom bounce any day soon.
Naz 100 just about exactly like yesterdays cash open. Straight up almost erasing any losses. then sideways for 5 hours then 1 more squirt up.
Woo all the buys were filled at the open!! Green over 1% on all the double downs! 0.75% more and PA green on the day! Look at Amazon and Google bounce!!
I tell you what, if your not on the right side of the market when these 1.00% moves in 10 minutes occur, it can be quite painful. Markets tend to follow patterns. How much longer the pattern of overnight sell off followed by straight up spikes at the cash open continues is anyone's guess.
Its Friday, and month end is next Wednesday.....I guess if i where short i would cover to....Who knows what may happen over the weekend. Trump likes to talk so who knows.