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Long bias for the day as long as we hold above 2434.

Unless something changes dramatically by the Open, read: a strong gap down, I think we're all set for a day with the main move being up and most likely a positive net change on the day. May see an initial sell during the Open before bottoming out and trading higher for the remainder of the day.

This is why: While many panicked, a Japanese day trader made US$34 million

Only teenagers in their mothers basement, you know? ;)

By the way - when's the last trading session next week? As far as I can see, Friday is closed. Is Thursday a full day?

Coming for the Izzy Bottom by end of week or early next week? Remind me - @Buy1Sell2 - exactly where is the Izzy Bottom? :)

Slow motion selling. Getting there, though.

As far as I know - the VIX basically anticipates daily change, not range. So, if the market opens flat and have a % change of - 10 % - you'll have a huge range. But if it opens down 5 % at the Open and have a % change of - 10 - you'll basically have half the range. Your best bet is probably...

Flat at 77. - 4,00. May have the LOD here after all...

Sold 2473. 5 Point Stop.

Bear flag. Starting to be a little overdone here, but may short 55/56 in anticipation of a new leg down.

Rangewise - we're still way below recent averages. To catch up with those - we'd need 2410 by the Close. That's 6,34 % down, so may be pushing it, but who knows...

Broke out of the flag now. Final confirmation for a short if we break 90? If 90 holds - can make for that final push up to the 20 level.

Quite possible. My main hypothesis is that we're indeed 'flagging' higher into the 2520 level as a maximum and that we'll sell off from there. If that level is cleared and left behind - I suppose it's quite likely the LOD is in and that we will just grind higher up towards yesterday's close.

So far, the daily range is 30,50 points by 11:00. That's the smallest since this sell-off started and half the average (70 points). The nearest match would be the 5th of March at 32,25 points - where the day range expanded to 86 points by the Close and printing the LOD in the last hour. Could...

Well - we opened down - 3,81 %, so... :) Point is - the 6-10 % daily moves may not happen as frequently moving forward.

Yeah. You may be right. Even if we sell lower and sustain a bear market it may very well be that the % change and ranges will contract compared to what we've seen recently.

Stop moved to 2492. Will sit through a test - but not a deep retrace. EDIT: Flat at B/E. No follow through on NQ.

Long from 2494,50. 10 point stop. Targeting 2520.

I'm thinking we can/should see a 5 % down day today. That takes us down to 2444. First, there's an open gap at 2466,50 / 4 % down. There seems to be quite a few recent LODs that may act as support on the way down. Currently just seated on my hands, but I do think we trade lower from here.