nice call!
surf
surf
BEWARE: The STORM Called the NEXT 2 TRADING DAYS...here is why
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Quote from Cocaine:
If you wanna hang out you've got to take her out; cocaine.
If you wanna get down, down on the ground; cocaine.
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Perhaps you could share with us what levels you needed to see in the S&P yesterday and this morning in order to close out short positions and/or get long?
Most aggressive traders I know would not want to go through a 30 handle rally in the S&P - - - especially when it is off of an already "defined" support level in the markets ( March low ).
That could do some major damage to one's capital base; depending on how big of a position they are taking relative to their capital base.
If a 30 handle move doesn't get your "juices" flowing, then I would guess that you are not a "day-trader", but someone that looks at things on a WEEKLY time horizon?
Well, I can say this. If one had gone long the ES (at 3:45 pm) at 1272.50 x2 contracts, they would be down $1,047.50 at the close(with commissions), while going into tomorrow.
So tomorrow will tell if this two days of news events is going to amount to a one day rally.
The ES broke above the 20dma after the close, for what that's worth.
So tomorrow will tell if this two days of news events is going to amount to a one day rally.
The ES broke above the 20dma after the close, for what that's worth.