Well, sell it off they did. That was a decent setup we took short and it paid some dividends. Now the issue is are we still range bound or is turning to trend. Rather than take the SPX profits here, I've gone long some NDX instead. Let's see how the next hour plays out and what the bounce looks like from the sudden plunge. We can use that knowledge to decide range or trend. My take is it's still range.
The Daily Dose of Trading Comments
Here you'll find short quips concerning the market mood and direction posted intra-day as the market dictates and time allows. You can find TATs strategy here. Comments here are from a trader who trades for a living.
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