One of these days its going to go but i wouldnt bet on it right before the weekend, but those massive red bars lead me to believe there is more sellers then buyers right now, but the market could easily keep catching the bottom and grinding those guys out.
Wish i could say this next trade was some stroke of brilliance on my part, but it wasnt. This is this is why its important to surround yourself with people who are smarter than you if you want to make it as a trader, this morning i was straight up on tilt i was trying to force something that wasnt there, and i sold something early that was there just cause of how much i was down, wish i could claim it was my own genius that led to this comeback but i have to give credit where it is due. TMy Mentor came through in the clutch and told me the spread between the Russel (TF) and NQ was way out of whack, so i trusted his trade and did it, went from -1500 to +800, all because of this trade, long 8 TF vs short 1 NQ. I owe him the world on this one, it was a huge trade, and a huge bail out for me. Also im long 3k RADA thinking it looks like it wants to go parabolic, and push through 2 dollars and RADA will snap to 3 plus in a heartbeat going to try to be patient with this one.
Here is what im thinking on RADA, people shorting it into 1,80 level will get stopped out, then people shorting into 2 dollar level have the potential to get squeezed, going to give this one time, think 3 bucks a share is definitely doable if the squeeze happens.
Look at the chart i posted above, its spent more than a year trying to get below 1 dollar and couldnt do it, i know its a dog shit company but i just have a feeling its about to fuck the shorts, its just grinding higher, and i know that people are piling into it short based on that 2 dollar level, any push through 2 and it goes parabolic, its a long shot trade, but the payout is massive if it goes.
No need for technical analysis on TF Chuck, i already sold my 8 contracts, so you can bet your ass its going higher.
Too far away from 68 after those 2 big green bars, odds are it will roll over before it clears the highs.