Why would I do that, weekly hasn't closed yet. Yesterday's close is lower than last Friday's close anyway But as I already said, week hasn't closed yet, so we shall see at the end of the day.
This is why I see the move down to approx. 3800 before a move to 4100. But that last major low wasn't really that much lower than the previous one, so straight down from here is a possibility too. We don't have to preserve the repetitive patterns we have been seeing recently.
May not actively trade in the next few days because it is a short week. Generally don’t go short before big holidays, placed an exit at 4030-4040 range, ym 34000. Don’t have a good handle with NQ.
About time this drop came. I was sitting there wondering how the hell the indices can climb so much while hardly any stocks were going up.