Nothing but Red…
Liquidity has been zapped from the market and its showing, last week during the free-fall many were calling for a bounce. Then of course NVDA slammed 8% and knife catchers got knifed.
I’m still currently sat waiting for some form of opportunity, I have a few long positions which are of course wrecked and currently await a pivot before I add more size with a tight stop.
Sitting out the last few weeks may have been boring, but this is exactly why such rules are in place.
Whilst I think the move is overdone, I need a setup to get long and currently there aren’t any. I would need this entire weekly candle across the board to close strong, meaning, there is nothing left for me to do here for the rest of the week. I’ll open the charts again on Friday to see where things are at.
Leave a Reply