Thursday Road Map
I know the question rattling around in your little rat brains right now: Will we have another Dark Thursday tomorrow as depicted in my count as Soylent Orange? Or are we going to complete that zigzag correction I proposed as part of Soylent Green?
Quite frankly, the odds are 50/50. Price would point towards Soylent Orange but momentum on the Zero today, even during the late day drop, was completely flat. So, I would not be surprised to see equities make a reversal tomorrow. I reloaded some puts right near today’s highs (I got lucky) and if it pushes higher I will do so again. Both scenarios continue to point down – snap backs are expected during that journey.
Don’t let those market makers get the better of you – it’s easy to get emotional. I keep telling you guys – you cannot trade your way through this unless you have a long term focus. Either that or you better be extremely good – are you? 😉