We ended with 140 points range for today. Western market is bleeding, and quite likely we are going to have lower low tomorrow.
Again another strong setup from Toby Crabel (called 90-10 setup) appeared today. The selling is not yet over, hence market closed in bottom 10% range of the market. This selling will push mkt to lower low, and if more selling enters the market then we will end lower. But if that doesn't happen, then we might see small bounce from already oversold market (275 points in 2 days, what else a short term trader wants before collecting the profit and waiting to reshort around 5000 level).
Happy trading.
Again another strong setup from Toby Crabel (called 90-10 setup) appeared today. The selling is not yet over, hence market closed in bottom 10% range of the market. This selling will push mkt to lower low, and if more selling enters the market then we will end lower. But if that doesn't happen, then we might see small bounce from already oversold market (275 points in 2 days, what else a short term trader wants before collecting the profit and waiting to reshort around 5000 level).
Happy trading.
i was thinking the same which is highlighted....hats off guruji ( AW10 )