I don't know how we don't test 1422 again.. If we pass 1422 I suspect many buy stops will trigger and many more shorts will be washed out.. taking us to 1440 I am currently underwater in my shorts (not by much).. but I didn't expect sideways movement for 2 weeks either. I am honestly a little confused about this low low volume.. would like to see if vix holds this little bounce beofore I close my shorts.. If not, vix may test the 12 handle
I put a short on this am after news of Americans view dropped to lowest level in a year and the market has been up 8/10 days... figured should be safe for a quick hit.
Yeah I got hit down 300+ currently. Thinking it's time to cover as I don't like the 1310 area getting taken out. Be nice if a pull back could happen and lessen the loss, but that doesn't look to probable at this point. WTF??
Watching 1415..also gap fill rut 810-815<short rut there..looking too add shorts 1415 with tight leash..1415 imo top of resistance..possible we bust thru head to 1422..scare the living day lights out of the shorts.. with bonds weak could be they get the 1422 test..we had 1410-1415 top of this push up.. 5th wave..would be measured move. i suppose they can push this market where ever they like ..news void, low vol..gl