Argue with futures, see what happens. Market is shaky, yes, but what is wrong with you? If you are swingtrading ETFs you are screwed. This is an HFT paradise, TNA/TZA, Xiv/vix. Trade the pushing/pulling in the channel, and you don't lose much. Hold on and pump when the market is swimming in the opposite direction, you end getting caught with your pants down, like anybody who pumped this today. RETARDED POST. The ups and downs pushed out a lot more than 4% today, bag holders get left in the dust.
Totally agree. However I admit that you also have to get the swing correct otherwise you get killed even faster. Ask me about that. I had trades where I lost trading a bull and then I switched at the same time he markets switched and I lost on the bear. I know. I stunk.
Today we just completed a retest of the 50 SMA on SPX (SPY). Look at the 15 min chart and the movement today is all up against the 50 dma.
Look at $RUT. Bouncing off 795. A downward channel was made the last 4 days with 795 being the upper edge. $RUT touched it today and bounced off.
These are a test of resistance also known as backtesting, where the trend temporarily reverses and gets stopped at resistance, only to resume its original direction.
This confirms that the original direction is real and can be sustained. It has been reconfirmed. This direction is down.