Almost caught it there, just didn't have the juice to cover 100+ points. Tape says it's still mixed, but it certainly ain't as bearish to warrant thoughts of retracement lower than 2800 at any point in the near or mid-future, IMO.
Yea had same idea and closed it, MOnday could do anything IMO
UnknownUnicorn5511258
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@DaddySawbucks, yeah it's gonna be a battle either way. Wouldn't mind either outcome but id say holding a long momentum equity over the weekend is probably worth the risk as opposed to holding a barely covered short position. Expecting big bear effort on Monday, but the FED has won past X rounds in a row. We shall see, enjoy the weekend regardless.
jsmcgee88
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Too much negativity on overbought market. Fed held it up long enough. I believe the big drop is coming soon. Maybe can pick up some good trades on volatility, but bear etf’s a must considering the risk to reward.
UnknownUnicorn5511258
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@jsmcgee88, yep, certainly could be sir. I wouldn't mind a retest of 2750 to really establish a long and make the bigger wave picture more complete. Same time, can't really discount the possibility of more interference and the next leg up. Thus, I am strangling July contracts on various equities and a one or two etfs.