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Maybe things are overblown, but the real effects of this in the economy is already tangible.

Looks heavy. Open gap at 3000 (my initial target this morning) which is also 4 % down.

Yeah - you're right. I had a bearish bias this morning and thought the second leg down would go further. With the strong movement up - I did however switch to a long bias for the day. I am however still bearish long term and think more downside is due, but like you say - with large range...

Stopped out for + 10,00 points of profit. I still maintain a long bias for the day and think we're just seeing a deep pullback before the next leg up, but you never know in these markets, so not interested in going all the way back to B/E.

Comfortably long as we long as we don't dip much below 67.

Eliminating risk with a stop at 3056 = + 1,0. Well in the money now, but won't micro manage myself out of this one. I don't see any major turning points above until 3087. EDIT: Maybe I'm micro-managing myself out of the trade now, but putting the stop at 3065 = + 10,0.

New HOD on NQ. Careful shorting this. Remember that we're down a lot already. Can easily go up to 3127 and end the day unchanged...

TICK is trending higher and NQ almost at the HOD again. Maybe I'm talking my book - but not a strong short signal to me.

Double bottom at the Open - let's see if that can hold for a strong leg up from here. If not - maybe 3000 below by the Close?

Double top and TL breached - but found support at the 50 %. Trying a long from 3055 with a 10 point stop. EDIT: Target would be 3127.

Can we see 3127 today...? Currently double topping like yesterday at this time.

Missed the high entry, but I'm thinking this zone should be a good entry for a swing short into the next down leg. Setting up a huge trading range here between 2850-3150 on the daily chart. If not new lows (main hypothesis), I'm thinking we should at least see a push down to test the lows...

I'm not surprised you took profits on your short and not surprised if you're playing a nice long from here too, but a bit surprised if you're now 'fundamentally' long. Just in my small social circle of friends here in Norway - most foreign business trips are cancelled throughout May for now. I...

Mind me asking what kind of stops you used on those? And what stops you normally use? I've been both burned/blessed by my tight stops since last week. Mostly burned, i.e., stopped out and market continuing in my (predicted/anticipated) direction. Currently my standard stop is 5 points and I...

Nah. I'm flat. Usually am when I make posts here. Took a profit early this morning and called it a day. A good 20 points above the prior HOD already. :) Need another 40 if we are to take out yesterday's HOD. Not what I was expecting for the day, but shouldn't surprise anyone at this point.

Well - I think it depends on your statistics. For what I use - it can be quite accurate at times while at other times - the signals are conflicting. That's what was the case today. Got a new HOD there - no surprise. Would be a bit more surprised if today's not an Inside Day by the Close, but...

Could be, but you didn't say why it's unlikely. I have statistical data - which tells me there's a decent chance both are set for the day. But it's a mixed picture, hence why I said it was a cointoss either way. :)

Why is it unlikely?

You did very well. Disagree with the latter comment though. Following that logic - the market won't move without news. Markets still trade fairly technically. That's not to say it's easy in real time while risking real money in these fast markets.

I feel pretty confident we're looking at an Inside Day today. In fact - it's not even unlikely we have the HOD/LOD set for this session. Range expansion either way seems like a cointoss at this point, but if someone held a knife against my throat, I'd favour another push down, but certainly...