The silence on ET is deafening. Where are you faders? http://www.elitetrader.com/vb/attachment.php?s=&postid=1758680
i faded yesterday's gap down, still holding some took profits on the close yesterday on 1/2 tho, still up 3% on remaining lots, will stop out if we dump on the rest.
I sold off some of my inverse funds... looking to get in on this drop extremely soon, looking at UWM UYG DDM SSO QLD
My target is 115 for the SPY. Everything is telling me that the market is oversold, but it seems like there is no bid underneath. No one is willing to step in. My guess is that it sells down to 115 before any bounce. Im not jumping in on the long end until I see a bid underneath the market. Its just not there.