Gotta love ZERO RISK in the SP500 = $$$

xandman said:
The lack of volume in the past few days was more wait and see. I think the real selling begins.
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that's what everyone thinks which is precisely why it's wrong

now that all the stops have been taken out in CL and ES, the weak hands have been shaken out and it's going up from here
 
It's hard to tell how the bottom will form but many times it just ranges making micro lower lows until it finally goes outside the range and provides the breakout.

Sometimes it snaps other times it's a process.

Shorting this area is suicidal as the market will soon begin the process of creating a higher low to develop a triangle for what's to come, earnings season.

Have a great weekend everyone.
 
Autodidact said:
It's hard to tell how the bottom will form but many times it just ranges making micro lower lows until it finally goes outside the range and provides the breakout.

Sometimes it snaps other times it's a process.

Shorting this area is suicidal as the market will soon begin the process of creating a higher low to develop a triangle for what's to come, earnings season.

Have a great weekend everyone.
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Not necessarily suicidal to short here, I'm still of the opinion that this thing is stuck between 1800 and 2100, 1940 is right smack in the middle of that range so the R/R for both short and long is about even here.
 
trickshot said:
Not necessarily suicidal to short here, I'm still of the opinion that this thing is stuck between 1800 and 2100, 1940 is right smack in the middle of that range so the R/R for both short and long is about even here.
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Well, I strongly disagree, and that's what makes it a market.
 
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