The Anatomy of a Great Trade, From the Guys Who Actually Made the Trade
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We hope everybody's Thursday is going well. The market sure made things interesting today, though it's made things interesting
every day for the last month, so today's action is nothing new.
I do have some thoughts on where today's action leaves us (and the market), but honestly, I'm far more interested in how traders are going to respond to today's action come tomorrow. The S&P 500 as well as the NASDAQ are approaching recent highs because of today's surge, which would normally be bullish. But, I've got a nagging feeling this is all just a setup for another pullback; brushes with prior peak levels have a funny way of doing that. We'll just have to see. Check back tomorrow, when we expect to have some clarity.