Stopped out. Re-entered short 79.50. Just a weak technical bounce. I don't think we're done below yet, but I'll change my mind if this small leg up continues.
Bull trap. Capitulation, soon. All jokes aside, we should get at least a nudge below 70. My statistical model says game over for longs today with a high probability, but it's not always right... EDIT: And stopped for a 2 point loss. Don't think I'll go long today. Looking to re-enter short if the tide turns again. If not, may sit out the rest of the day.
Who TF do you need to kill or sleep with to get just a minor drop these days? I don't believe for a minute that the LOD is in, but I'm not going to lie. Holding short in a market like this is never a pleasant trade with all these wiggles back and forth against your position. You're always at the mercy of the V.
V-man! It still looks mixed to me. For new ATH or a significant drop, we would need a little external push, imho: (Plus whatever the tweetfest of the day is, of course) I'm still looking for a bottom in NG. Hope springs eternal, and it seems so does NG supply
Agreed on the significant drop. This is just a day trade on my end. 6450 ain't even half a percent down and we may very well rally back to unchanged after that.