Originally Posted by highstakesfan
I would move stop down and protect half your profit on a short position. I doubt anyone saw this weak a day unfolding.
First of all nice call today. Today unfolded exactly how you said it would.
Idk about a rally tomorrow. Volume was decent to the downside, We still need to work off the overbought condition (We are at least certainly not oversold yet), and there isn't really a catalyst out there to drive us higher.
We are on a mini support area, but I kind of see it breaking. I'd like an extra point and a half before peeling off some and support is stronger down there.
I also feel that logic is out the window in this market so we'll see.