Spooz I think we've crossed wires. I wasn't disagreeing with you at all.
My post was directed at Apex who was surprised not to be filled at a certain level. A couple of people then said don't be surrpised because there were probably several orders in front of his, some which may have been there for days, even weeks.
Apex, whom I quoted in my post, said no this can't be possible because CME cancels all orders every night. So then I said no I don't think they do cancel GTC orders, at least for futures.
Sorry for the confusion it would have helped if I'd addressed my post to Apex.
Anyway to make up here's a chart of various breadth divergences that gave a clue that yesterday's sell-off was overdue. Notice how the new highs were not confirmed across selected internals for a good 3-4 days of that gentle rally. After that long and universal (across indices) a divergence I might stop looking for trend direction trades altogether and concentrate on finding reversals, or allow wider stops for shorts, or trade larger size short etc.
Also shorter term ones can be handy e.g it's not very clear but on 1st May as Dow made new low both its (a-d) measures made a HL warning one to take your hand off it if short.
If we make new highs after Fed & tomorrow I'll be watching it closely for similar divergences (or indeed confirmation).
Green lines are all indices, blue ones breadth. All standard boring internals that everyone knows about but I still like to keep an eye on them. Anyway sorry to intrude, my charts and bad advice are probably a bit off topic here.
I'll definately be getting out of this position before 2:15 PM