Wild moves. I'm getting freaking drunk tonight and will forget about the markets until tomorrow.
I can't be the only one finding this action exhausting?
A very decent green day today, but still 2K below where I was this morning. I erroneously thought I had a bit of a cushion by the RTH Open...
Excellent. I think this is a good bounce area.
Only reason I'm holding is because I think we can see a huge flush lower if this area doesn't hold.
May even see sub 5200.
ES bounced exactly on the gap fill. Technical trading.
I took an exit at 85 on trailing stop.
Re-shorted 84 now with a tight stop. Huge downside potential if this LOD doesn't hold.
Current action is just random flow with the main move happening later. Worst case scenario the range is set and we chop around until Iran attacks Israel.
Looks like a nice little shakeout for now. Last week's range still holding and gaining acceptance (isn't that what the MP guys say?). :)
If this can get moving higher again I like the gap at 76 for a target. Not sure we'll do much more today.
31.75 is last week's low. Big level. If we lose it - I can't help but think we'll see a sell.
Bulls are currently winning, but I'm not impressed yet. :)
Agreed. It's difficult to know how much is already discounted as we sold off considerably already.
If it's a full scale attack that escalates into an all out war I find it hard to believe we won't see at least a decent initial sell-off, but who knows...
As shown by yesterday's sell into the...
Well, you had a day this week which would put everyone else to shame, so whatever you're doing, it's working! :)
Why not trade larger moves on 1 micro for starters to get into it and scalp for small slivers of range simultaneously?
We're all just attempting to make an educated guess here, LOL. Yesterday was a failure to get back inside last week's range. So, the big question is if it was THE failure or just an initial failure as breakouts can take a few attempts to work out.
Looks like the market wants to finish what it started yesterday. If today successfully trades back into last week's range, I'll guess that green week I was suggesting on Sunday may be in play.
I like a 5350 touch pre-market if this dip is absorbed.
Will simply be watching for continuation or a...