I'm not in this position but there is some decent upward momentum in this right now. I'm expecting 1.29 before 1.23.
Let's see the charts!
The up cycles have played out nicely since March 10 time frame. Also, hedge funds were overly short going into CPI. Doh!
There was the buy point last Thursday.
Not surprising. Govt has to slow/stop the flow of funds out of banks and into crypto or we'll have more financial system issues.
I would just say "you would think we would have fallen 15%" rather than actually should have. Otherwise, I pretty much agree with you on...
not seeing a reversal yet -- still looking for low over next couple of days.
If this market is similar to prior lows, I would expect an afternoon reversal around 1:30 or so. Let's see what happens.
Very possible this is the seasonal / cyclical low with tailwinds now thru May.
Do you feel better now that you got that all out?
If you argue for your limitations you get to keep them.
Overnight: You just can’t believe that it’s possible to read the tape in advance of news. That’s the lens you see the market through and that is...
While there may have been a catalyst, the market was already setting up. Meaning, sometimes the market is poised to move in a certain direction...
Depends on how long you're looking to hold
Well, the reality is that your primary income is not from trading, so that, in itself, can create some complacency, lack of focus, or lack of...
March 8-14 would be a good place to be looking for an intermediate-term low.
TRADE TO WIN
If not UNG, then BOIL which is a leveraged ETF. The inverse is KOLD.
You can trade options on UNG or BOIL as well.
If you understand the environment, that changes everything.
ES probably needs to take out 4100 now.
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