Disagree. Double bottom, even treble, is already in place, it may tag 4414 again, but after that, index should be bouncing back up and beyond. Also, it only tested 4630s once, not likely to head lower without a re-test at least.
Yes---I look for a drop to the middle BB followed by a bounce and then a second more significant downleg.
Because the 55 point range of the midnight-to-close session will be nothing compared to what will happen on Wednesday when the Fed minutes are released at 2PM ET. I am so screwed. Q4 2021 earnings are the only thing that can save the bulls like me, and that is asking a lot considering everything else going on.
Secret: Use huge stops. Here close to $4.000.00 Profit Target ? Thanks for your great and Long Lived Thread here Buy/Sell
Do I detect a change in your methods? In the past, you did not use (hard) stops outside of RTH. FWIW... (stop)4603 - (entry)4539.29 = 63.75 points. 63.75 x $50 full point = 3187.50 + fees/commish
I believe 63 points is well within his risk parameters. Right now he is in the money...but the question is did he actually call an inflection point. He has ratcheted his stop in the direction of his call before to lock in profits...but why let this one breathe in such a volatile environment? I won't question his style because he has proved time and time again that he has conviction. And is transparent...for the most part.