Great call and great trading today Spooz. Go get shit-faced tonight and drink a pot of coffee for the open tommo. Cute little thing ain't he. I'm not even gonna attempt to cut and paste all your calls today B1... good lord, were you like 0 for 11?! Break out the band though, you got your 2770 just now. BINGO BANGO BONGO !
True. We're in balance. But as you say it's pulling back over the POC. I am sure 80% we're going to 2800
I'm shorting in size scaling every big pop(50-100 pt pop) the last week with 50 pt stops on the avg price scale for trades. Haven't been stopped yet .
Let's look at ground zero How many cases in China ? How many deaths ? And what did the shanghai composite do between dec 1 and now ? That alone tells me that the bottom is near and the grind up will eventually be back
A bottom is formed on volume and a V bounce. When it happens it is quick and the market doesn't give much time to get in. The short R:R has became very risky at the level of 2700 and below. Even though we dropped 20% my original target is 22.1% objective. Would take multiple closes under 2579 to open up further downside. While possible I don't think it is highly probable.