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Surely there's business to be done back down to 32?? Today's profile may finally leave some upside excess to reference for a change. Cumulative tick not buying the last 2 days move. hmmmm
Trying to get back into things today after a busy spell removed me from the market for a while. Took a short trade early today. Entered at yesterday's vah, expecting a tighter range today, targeting yesterday's val. I was RAN OVER to say the least, stopped out quickly over new highs. Reason for the trade was that breadth and the $tick started the day looking pretty weak, and still do actually. So, maybe a little early on that short trade. Rule broken for the day:
"Buy weakness in strong markets, Sell strength in weak markets." I don't think they get much stronger than this.