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Short

I tend to keep trading on but with tiny positions and tighter stops to keep me in the green. After being long from the bottom, I have been trying to get short unsuccessfully just here, but its no problem because its just trading for fun at this point.

Really good call. I have just been trading this range on the SPX for a while so I will probably look to go short again soon.

Or maybe just more sideways choppy action, which would make sense especially if the first week is supposed to represent the whole year.

Makes total sense to me. I agreed with the idea of the markets going up today all along. The move hasnt been as strong as I expected though so far so could still drop.

I wouldnt use TSLA as any kind of barometer

Are we shifting to all news is good news again?

Plus a big jump from a support level is less suspicious

99% agree. I just think the trend line will repel downwards before we get to 4400. If we did break out of the trend then I think that would be a bit too bullish. Like you, I think this year will be pretty sideways.

I reckon we will revisit the daily big trend line again before a big move down.

Make sure you clear up after yourself then

Or maybe slightly earlier, glad I started scaling in early. Its not because of a round number or anything. Its the short/medium term trend line.

I reckon a big bounce off the SPX 3800 level is coming

Flat

Yeah that make sense. I just try and post the medium term direction now along with my general trading direction. I scale in with tons of micro trades sometimes in opposing directions on the same instruments. So its just impossible for me to post all of my trades.

Because you can be bullish on lower time frames

ES 4hrs. Just an idea. Could be an IH&S?

repelled by the same 0.618 feb level all day on the SPX