"I know the thing for me to do is just sit back . . . and right now I've got 10 kids in the back of the car just screaming to get out -- meaning that I'm so long that I'm scared to death." - Paul Tudor Jones
Got thru that bearish seasonality day yesterday -- today thru next week is about as strong as you can get seasonally. Looking like ES / NQ playing a little catch up to RTY. ES pushing up against the 50-day.
Again, I mean this in all honesty, maybe the title of your thread indicates your mentality. Also, do you think your strategies are overly complex? Just probing. Hope things improve.
Maybe you need to do the opposite of your instincts.
The rationale doesn't have to be inflation -- could just be FOMO. There are some who think there is 1 massive leg left in the secular bull market which will go parabolic -- and end the bull in dramatic fashion. I don't rule this or just about anything out, but I do believe we have seen the...
We'll see how today plays out, but so far, going according to script with the bounce. Will protect in case but this is one where being older may have helped me -- with the sell-off after hours I was like "I have seen this movie before."
My time frame may be longer than yours but RTY has had the better technical pattern as the market was bottoming and it was barely influenced by the "news." If we have put in an intermediate-term bottom, you're going to get these quick sell-offs where a lot of folks start thinking "here we go...