Quite possibly.
Huge move now coiling up for the afternoon. Looking forward to seeing how it plays out----Ish
Not certain if this will take us a lot higher but I do know that a short term bottom is in and perhaps the LOD> so I want to be long here.
Stopped raised to 2455.00
Long 2474.75 Initial stop 2452.75
Reminder---we'll likely need to test the 2530 area from underneath as we did from overhead on the way down.
Plenty of time to take another trade.---Right now contemplating a bounce move and intraday reversal here from high 60s as selling has slowed...
Out at 2480.75 for gain of 12 pts.
Stop lowered to 2502.00
Stop lowered to 2506.00
Out at short at 2492.75 for loss of 8.75 pts. Initial stop 2519.00
Long 2501.50 Initial stop 2475.00
Now that we have touched the low from earlier today again, it's ok now to look at a long bounce. We would need to get over 2515 and have follow...
Out 2501.75 for 6.5 pt gain.
Short 2508.25 Initial stop 2513.25
Nice little bounce off the lows. Now that we have the 2530 initially cleared out we can begin looking at whether or not the move will have legs....
We should go down and try out the new low again shortly.
Look like there is potential to get back to mid 40s by eod. If so, that would be extremely bullish.
Loss of 106.5 pts-----still plenty of time today to reverse and head higher.
certainly not great action for bulls at the moment unless looking for bargains. Where we end of the day will be important. I do still like the...
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