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Combination of weakness in oil, 2 hr chart over bought, daily chart resistance and UP volume is not that great to sustain a rally but that can change very quickly. $VOLSPD was holding up but underneath TICK was weak combined with less fresh new highs and lows on weekly and monthly basis so was expecting a reversal.
I expected a range day but oil thought otherwise, still have time left to be a range day...My main idea is how many day's we immediately reversed from a trend up day to trend down day without range days in between? I agree more number of such days this year but still not many...
I am flipping back and forth today because of uncertainty in oil for a min it looked like it's going to rip and then immediately down, I am leaning towards end of day sell...I am always wrong or early so it might eod rip...
Whenever I go for holding longer term mentality it's going to blow on my face and when I close my position for small profits it's going to go a lot more...for example yesterday's short from 16570 not it's at 16428 I closed my short thinking adding back again but never did added back because thought about parameters/context changed.
Now I am short again at 16400 with 100 point stop, want to hold it but with every rip/dip I start questioning my thesis... but if somehow I take my whatever loss or profit it goes in my direction making me wonder why didn't I stick to my plan....
I used to be a very good swing trader holding for bigger profits (and much bigger losses ) like 50 handles on ES but now it seems I lost that mojo...
) like 50 
