Because i'm the uber contrary indicator, I figured since I saw a target on the xlf and the iyr seemd like a test of previous levels.
people(including me) are afraid of being short into the morning.... it might be the thing to do.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
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Yeah, there may still be some short covering as pukers get scared of the NFP tomorrow. If you're going to go short, I'd wait for a better entry near the end of day. Shorts seems like a high risk play at this point, tho.
It just feels like 1999 all over again. That's the emotion I sense.
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