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So, last week the VIX dropped to the lowest level since November 2021. The e-mini S&P 500 had a 14.25 point range in regular trading hours this Tuesday - the smallest since August 2021. Average range in regular trading hours so far in 2023 is 52.5 points. With the exception of yesterday's...

NQ struggling up here with its slow motion breakout. Probably tiring to be holding up the entire market.

Who killed volatility? Let's see if we can print 4150 from here. Not sure how much more's on the table today. If even that.

Closed it out here at 57.50 for 10 points. This might be it for today.

What a day in the markets! Both bulls and bears have been taken to the cleaners today on one and the same day. Beautiful. :)

Normally, we should reverse around 60. Let's see if today's one of the more rare days.

Hate my late entry if you want, but I went long again at 47.50. Stop once again B/E. I think we can close above 4170. One of those days... More of a hunch/intuition than actual data to back it, though.

Knowing my history I'm just very wary of making any claims until the money is in the bank. It could be only luck for all I know. Here's how it looks as of the start of this week. As you can see, there's been some volatility and a few nasty drawdowns along the way... I'm probably trading with...

Longed 43. Let's see if we can get 4155 or more. EDIT: Typo. 45. EDIT: Scratched it for a tick of profit. Not sure I'll re-enter from here. This might be it for today to the upside.

Wicked moves today. Closing above the Open seems unlikely, but could be one of those days. Stalled at yesterday's high here. Could be interesting if we start moving above 4145.

Oh, for sure. I recognize them. When I first started out shorting was all I did and I lost a lot of money doing so. I also took some nasty blows on shorts during the covid plunge on those huge counter rallies. So, maybe it's psychological damage. I was short today pre-market (net loss) and took...

If I recall correctly, your account was > 50K, yet you're trading only a maximum of 1.5 NQ. Is this because your trading style requires that you scale into a position? Do you average down or do you only add to a trade as it goes in your favor? Still a pretty nice result I'd say.

Did anyone suggest otherwise...? :) Shorting strong rallies is the hardest trade for me to take, so I generally don't do that unless I have a very strong reason/signal/data to support it. Maybe in the future. Your point is? You also mentioned something about perspective, but edited it away...

Glad to hear it. :) Looking forward to hear more of your commentaries. I think today is a bit of a wild card as the market's digesting today's number. Normally, a day like this on ES doesn't trade back up to the HOD, but who knows what's possible today. I'm long and praying. :)

That can be dangerous... :) My last attempt at picking a bottom here. Lots of air if the current LOD doesn't hold. This could easily rip from here, but generally, today is very, very unlikely to reverse back up from here. Then again, a lot of volume coming into this market and it could get to...

Looks like the Outside Day from last month will repeat itself after all.

Up or down? I'm still trying to pick a bottom here. 1 x 3 point loss and 2 B/Es so far which was considerably in the money at some point. You get the feeling that NQ is the only thing holding up the market here, though.

A lot of volume coming into this move higher as well. I may end up getting impressed today.

It's amazing how consistently both rallies and drops keep failing in this range bound market. A lot of volume coming into the market on this drop. If we repeat last month's pattern today's an Outside Day, i.e., < 4131. I'd be impressed if this reverses and makes a new HOD today. Appears very...

Who will admit they got FOMO and bought the very top? :) So far same pattern as last month with a pump pre-market and a dump in RTH.