Dumbass trade of the day. Ugh. Thought it was done flushing. Thought it looked kind of coiled up. Boy was I wrong. Bad risk management as well.
Execution detail:
I know I was anticipating a bounce. A bounce that never came. I normally love flush days. I just wasn't thinking shorts today for some reason.
I think when it bounces up like it did after the flush, fast with that many greenies (like a "V"), up to the ma's, there's gonna be pull back at least. Woulda waited for confirmation perhaps......which never came.
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With the market in a overall downtrend like today, all you should think about is shorting. Next time we get a flush in the market just keep that in mind.