Stop lowered to 3908.25Short 3880.75 Initial stop 3912.00
Stop lowered to 3908.25Short 3880.75 Initial stop 3912.00
The T-Day Boyz want their green, but this one may not close green. Potential reversal area, IMO. Could be one of those days where they pull the rug.
3911-3915 for my upside target. Let's see if we can get at least that first. Fairly range bound day so far. Cleaner up trend on NQ.
Short 3880.75 Initial stop 3912.00
Stopped out for loss of 27.75 ptsStop lowered to 3908.25
Fading the highs 3910 level should be a good scalp trade for a balanced day, a continued sideways build could see a break down to < 3875 , although that may be in globex.
RTY has gone to parabolic insanity
----and I will catch it----Personally, I feel we're in a tricky spot at the moment. Hard to commit to the long side after last week's monster move with all the air we left behind below. At the same time I'm too terrified to short this beast. LOL.
Probably a good week to stay nimble and bank some profits on scalps. But I do feel the risk is to the down side this week.
You mean a large move down?Large move is now imminent
You mean a large move down?
I'm going to SHORT at 3919. Stop is at 3926
I am retired. Just playing around now.I thought you retired?
I like the R/R on a short in this area, but not expecting the end of the world.

Good to see you Schizo.I am retired. Just playing around now.
Are you familiar with Pekelo's "Dragon" formation? I think this is it. In that case, the profit target is about 500 points down, which would put us near the last February high (pre-Covid selloff).