still no drop. Short squeeze. I’m quite surprised it hasn’t found any weakness yet. Looks like little scalps today for me until we rollover. We are in the nose bleed section right now
I want to avoid trading on days like yesterday. Could anyone help me find parameters to predict such a day? Obviously the market is waiting for Powell to speak today but chartwise - how would I predict such a day incomming?
Trend days are often followed by range or consolidation days. Consider allocating positions according to different time frames or reducing size for a day or two after a trend day. Edit: Or adjust trading style to range trading after a trend day.
Crickets...................................................................................................................