The inside day breakout led to a strong directional move. In terms of immediate focus, I’m keeping an eye on the 5362/5358 area, marking today’s spike base and the prior ATH.
Regarding it being unforgivable to short today, well said. There was simply no reason to short today, especially after the first hour and a half. At that point the market was fully in a classic price discovery phase and while the saying goes that there are many ways to trade the market, there's not a single successful one that involved shorting after the first part of the day today.
Thanks for all you do!
Regarding it being unforgivable to short today, well said. There was simply no reason to short today, especially after the first hour and a half. At that point the market was fully in a classic price discovery phase and while the saying goes that there are many ways to trade the market, there's not a single successful one that involved shorting after the first part of the day today.