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markets are definitely not happy. Remember this picture....
Touching the next level of support. If it keeps going next support is 5952 area.
Missed a nice opportunity to short about an hour ago. Still trading sim so it didn't really cost me anything. Need to get back to just letting the markets do what they are going to do and I will do what I have to do. Patience is the key.
Come on SING IT WITH ME!! LOL! Grew up to listening to this and other great songs during Christmas. Hope everyone has an incredible Christmas and an unimaginably successful new year.
Watching the markets and trading sim for the last day today. Would have gone live this morning but was a bit distracted sending the youngest off to Seattle to start his new life. Only about an hour left for him to land. Kind of fitting that since he is working for Boeing, that a 757 should take him there.
Been an empty nester for a while but just seems weird that he is 2300 miles away instead of 10.
It's about 430 am here so let's make some money. LOL!
Interesting overnight trading on the indices. Was yesterday's rally just a dead cat bounce? Maybe. We have already seen the markets give back about 25% of the gains from yesterday on good volume.
Days like this make me wish I got up earlier but I like getting up about this time of the day so no regrets.
Solid down trend on the 1 minute chart with price a bit over extended will make it a bit difficult to jump in on the trend right now. Need to see it pull back some to give me a good entry. Jumping in now is risky. The 200 is above the 800 so there is a potential for a reversal on the 1 minute chart. 5 minute chart is also showing potential reversal with the 60 above the 200. Patience is the key this morning. Wait for it, then jump on the wave and ride it to the beach. LOL!