Here is the next setup I am looking at.
Bought @2570 only holding the position for a day.
Bought @2570 only holding the position for a day.
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stopped 2565 and went short immediately , we going down big again ... already wow
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Is the plunge protection team in force today??? Manually closed at break even. To the sidelines now. Have a nice weekend.
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I sold at 2636. With a SL at 2676.
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Things usually play out according to your original intuition, but it is difficult to navigate between emotion and instinct, a simple practice of patience would've paid me well here... :) Still surprised we didn't cave on Friday though but I will admit I was not watching the SPX 200dma but rather the DJI 200dma, who would've thought a technical bounce from SPX 200dma would be global...
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Wow almost stopped out. If you are short, I would leave the stop no higher then 2682. Traders are really looking for guidance. We have news tomorrow but nothing that should have a big impact on sentiment, that being, the economy is good but not CRAZY good. Markets need to come back to a reasonable ascending trend because guess what.. interest rates do go up. Cheers!
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Perfectly stopped out.