pre market .. running higher off of lows.. government is going to stand by.. for today... do not trade open.. do not trade now.. spreads will be huge.. traders will be gunning for stops on both up and down.. give this market 15 minutes to figure itself out.. MY TAKE.. market will spike lower..then run higher as if to fill the gap down..but will not fill gap.. and then sell off hard..the mkt run up pre market is CNBC and novice traders excited about getting in... buying now or here is a sucker play.
i was anticipating a move to 1200 on Es, to test that lower bracket area. Just sitting out. Is bias still to short side?
im still getting hsort on rallies.. this is the gap fillers ..buying to fill the gap created last night. The gap fillers will stop buying half way to the fill and take profits.. then the market will sell off.. I am very comfortable being short here I am raising my stops today due to increased volatility.. 80 cents
because there is an increased riskon my shorts today .. I am using tighter stop losses on my profitable trades.. I am bringing stop loss to 122.70..due to possible fed action