Was today a Reversal day and a change in trend to down?

[NY_HOOD]

was today a reversal day to the downside? Ugly action today.

 

[nooby_mcnoob]

I expect one more spike to recent highs or thereby before market decides one way or another. Bulls demolished today.

 

[farmerjohn1324]

I expect one more spike to recent highs or thereby before market decides one way or another. Bulls demolished today.

Any reasoning though? There is a clear light at the end of the tunnel by looking at Italy.

 

[nooby_mcnoob]

Any reasoning though? There is a clear light at the end of the tunnel by looking at Italy.

I don't use meatspace logic. Just my system expects a spike that is either shortable or not. I don't care why.

 

[d08]

Yes.

 

[Sekiyo]

Bulls aren’t demolished we’ve closed at open.
That’s what we call 50/50

 

[Pekelo]

Yes, we probably hit 2300 in a week or less.

 

[farmerjohn1324]

Bulls aren’t demolished we’ve closed at open.
That’s what we call 50/50

People are way too focused on what happens in a single day. Look at the bigger picture.

All kinds of random shit can happen on shorter timeframes.

 

[KCalhoun]

Although a bearish pullback, I wouldn't say the uptrend is broken until we close under prior day's low.

Did close under pdh so that's a start. I bought inverses today and will scale in SQQQ TVIX etc if mkts continue down.

 

[noddyboy]

was today a reversal day to the downside? Ugly action today.

Why so worried if you are 70% in cash?