So what was that reversal nuttiness today 12/27/18?

[Palindrome]

My guess is Pekelo’s dead cat signifies a classic set up

 

[Visaria]

FWIW, i expect a big move Monday...downwards.

 

[themickey]

FWIW, i expect a big move Monday...downwards.

Where does that thought come from?

 

[themickey]

My call, we will see similar sort of price action as was in July.

 

[Spooz Top 2]

Post #9336 .. Posted night before.
https://www.elitetrader.com/et/threads/es-journal-2017-2018.305406/page-934

"This Swing trade position is predicated strictly on technical bounce off of Monthly TL, Measured move from previous existing range 2820- 2600 & Fib Confluence zone off swing Hi/ All time Hi print."

 

[Visaria]

Where does that thought come from?

On Friday, the market tried to break the overnight highs...collapsed when it couldn't (I caught that down move btw)....technically past few days just looked like a dead cat bounce ...fundamentally there are funds who still have stock they don't want to show on their books and monday is the last chance to clear their books.

 

[Visaria]

FWIW just went short at 220 on YM. 200 point stop. If i'm stopped out, so be it, fine. That's the biz I'm in: loss taker!

 

[vanzandt]

FWIW just went short at 220 on YM. 200 point stop. If i'm stopped out, so be it, fine. That's the biz I'm in: loss taker!

That was a good move.
But take your profits quick.
Put a stop on top, then let a little ride. If all of it rides.... friggin brilliant play.
This market ain't believin' Trump.

 

[Jack1960]

Just follow the price action.

 

[Visaria]

FWIW just went short at 220 on YM. 200 point stop. If i'm stopped out, so be it, fine. That's the biz I'm in: loss taker!

Out at 240. Price not confirming. Small loss. Most pleased.