Very nice. Momo to the downside just picked up. I am unloading my DXD soon here. I did shit my pants this morning on the gap up but very nice fade. No, I didn't buy QID which was a better fade though.
See, just shut the piehole and trade. Works much better than guessing if yesterday was a head fake, if the rally is over etc etc.
If you actually traded for a living, you would know that the SPX is at a 3.5 month high with multiple sectors within the index showing amazing strength! But to you, it's just a "sideways" market. Since when is a 135 point move up in the SPX since March 17th a sideways market??? The more "comments" that you make on ET . . . the more your built in bias looks absurd. Sorry to hear that you were unable to pull the "trigger" on a 135 handle move in the S&P. What a shame.
still a sideways market to me, I have been trading many sector ETFS, and let me tell you they have traded within such a range its getting old.... SPX got within a fraction of 1400 about 20 mins ago and gave back about 5 points, the bulls want a close above 1400, if not today they may get it early next week....