Was expecting this bounce 2 or 3 days ago. Yes I was long. Was very, very close y'day morning to getting stopped out. In 7 years of data + my custom oscillator, I have never seen those issues >50dma R2K lay on the ground like that (the reverse is not true, b'cause they can ride the top for days and days), but usually the after 2 days of riding the bottom, you bounce good and hard. I know we had not sold much in terms of price, but I got long on 11/10 after 3 days of it riding the bottom and it rode it for 4 more days... jeez. I may throw that thing out until we see some heavy selling in the future. Almost ruined that beautiful short I nailed 11/7 with this stupid long. Just glad to be out of this thing with a profit.
SPX redbulls will probably get their new highs or whatever... Probably. Better u than me to be long this garbage after today. Lets see what u get, as it might not be much. R2K has topped for the year, I will continue to say it as I said at end of September. Will only be looking for a good short on it again when the time arises. Will step aside until then. Yesterday was way too close on my stops.