Good move... I have been stuck chasing dips and shorting divergent tops. I kinda expected around 1352.50 as a bottom, not 1354. What screwed me up is we never had a NYSE Tick capitulation... Not even a single tick under 900 in that downtrend!!!
Well... The market internals are pushing. I sure ain't shorting nothing until gap fill. :/ Either that or a downtrend... Or a drop in the tick average back to the neutral area. You can see my most recent trade setup on this chart.
Curious, what level did you short? If you shorted 1363-4 you may have nailed it perfectly. There was a giant "potential reversal" signal there in the shorter term, but in the larger picture there is a divergence forming up. See attached.
Nah, not touching any shorts anywhere today here. Bid is still too strong. Can't short by my rules until at least gap fill at 1368(50% retrace), and I don't trade the last 30 minutes so it's too late. Cyall latez...
newbie, this dipshit blowingup has never made a profit. go read her first post, she promised to never post again after sharing her tax write off.