What an ugly tape
It would seem 2400 is in play now. I would imagine that with the weekend and holiday , folks would not want hold long. On the other hand, if a big rally comes in the next hour or so, that would be pretty bullish.
No shit SherlockBottom not in yet.
For all of my bullishness, even I am not foolish enough to think that a rally will change the landscape here. This is a depressed market. If we get up over 2700, okay, bulls have a chance at redemption. But for the near future, "bullish" is a misnomer. I regret that I didn't short.
Still out for now.
short 2438.50 Initial stop 2469.00
Stop lowered to 2461.00
Stop lowered to 2458.00
Bottom not in yet.
Out 2413.50 for gain of 25 pts.Stop lowered to 2441.00