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For someone who's bearish - I remain hopelessly bullish for the week. LOL.

I suppose Powell on the stand is a factor which could induce some volatility and even a sell, so there's that...

Actual low was 70,25. 3300/3310 by the Close. Of course - shit could hit the fan and we'd sell off lower. Just don't think that's likely today...?

Frankly, I'd be slightly surprised if we dip much below 3270,50 this morning. 70/78 should be major support. Any other takers on today's session?

I think we put in the Week Low yesterday. My play for today will be long entries on a pullback to 3260/70 for a ride to 3300/3310. May not even get that pullback.

Stopped.

Long 3233,50. 10 point stop.

I'm sure markets can rise just fine without short sellers. Short sellers needs to cover their losses when the market rises. This is often done using market orders and thus adds to the buying pressure as they may compete with aggressive bulls as well. The total of this buying pressure (market...

50/60 in play from here by the Close with 3283 as an outlier target. My best guess.

You used the word 'healthy' pullback earlier. I don't think that's what we're seeing. My view is that there's a lot of risk in this market moving forward. Still, on a daily basis, it goes up and down whether we're in a bull market or a bear market. Please do. :)

Yes, certainly possible range wise. It's 4.16 % down, though. I think it's quite possible we put in the LOD here.

Today?

I’m bullish for the week, too. But I think there’s more downside to come following that, i.e., next week.

Well, it would certainly surprise me. It was a posssible scenario by market open, but not at this point, IMO. 3283 is possible, but probably not more than 3260 if at all. IMO, of course. :)

The most anticipated pattern for today didn't play out. I still think there's a very decent chance we'll see a strong swing up towards 3260 by the Close. The less common pattern would be that this actually will be a trend day selling lower all the way into the Close with perhaps a small tail in...

3200 is quite possible today. No bottom in sight, yet, but I'm still stalking the long side.

You're always a buyer lately. :)

Unless this turns into a trend day down - I'd say there's a good chance of finding a bottom in this zone. Upside target for the day would be 3283.

Scratched it at B/E. No take-off. Will re-enter long at a better price or the same.

Long 3260. Stop @3245. Target 3280/3310. 3250 should be a major support zone. If this does not hold - I suppose 3200 is in play. With Powell speaking shortly after the Open - this can get messy. Missed the prime entry @ 50 as I was not at my desk for the last few hours.