You didn't by chance mirror my trades and lost money, did you? BTW Are you even a regular on this thread because I sure don't recall seeing any of your own trades.
I have a feeling we'll see 4154 before 4250. Might want to expand that stop to make it 1:1 RR and move it to the SEP contract to give it breathing room.
Thanks but I'll just stick to my 15-point stop for now. I feel pretty confident that we'll drift higher in the AH and follow through in the RTH tomorrow. BTW where ya been? Oh geez, don't tell me you got your ass locked up again.
major pivot break on the hourly today after market has been coiling for nearly 6 weeks, shorts getting caught off sides amidst record short interest since 2007, MOPEX this friday. The stars have aligned. Where are the excited bulls? I mean I guess we're still in range, and it's possible this meandering continues. as always, it'll come down to whether we get follow through tomorrow.
If we open near yesterday's HOD / Close and don't dip much on the Open, I think we have a good chance of continuation today (Thursday). Easily another attempt at 4200. But it's a mean reversion market lately with options expiration on Friday, so yesterday's structure is one that could easily reverse as well. And that's the biggest take-away for me.
NDX is very close to the 50% range (2021-2022) and the same level having previously triggered a selloff. SPX struggled to get through 50% of the range for the same period on 3 occasions now. I would rather wait for a nice pullback from both indexes to initiate a long to hold. But for daytrading, yeah, probably not bad to keep trading from the long side for now.