I viewed today's action as fairly normal in a downtrend when the price needs to come back to, or inside, the lower Bollinger Band. It did it in early 2020 as well. The Bollinger Bands show when price is getting too far ahead of itself. Mine is a positional trade and so I stay short through the ups and downs until the move appears exhausted. To me, we had a normal bounce today and it was expected at some point.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
One of the nice things about the rally is that it should prevent there from being a cash gap on the open tomorrow. I really didn't like that overnight action Sun night. The overnight selloff tonight doesn't bother me as much. Sun night, we got way ahead of ourselves and opened way outside the lower BB with a gap.
Short 4333
12 point stop
12 point stop
This phantom bar is screwing my SPY chart.
If bulls can hold above this pink line, bears are likely done for today. So far, bears definitely look weak lol... PA is currently trading in sideway range.
I haven't put in any trade this morning after I met profit target from last night.
If bulls can hold above this pink line, bears are likely done for today. So far, bears definitely look weak lol... PA is currently trading in sideway range.
I haven't put in any trade this morning after I met profit target from last night.
damn lol
high ticked me
If you can see what Algos are doing on both sides so far this morning after market open, you would rather surf porn than blowing up your account while PA is trading in a sideway range.