My ladder starts at 48k and nothing since the top has moved it

Kendall Kaur

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Every bounce since the top has come in under the one before it, and until that stops being true I don't see a reason to put size in higher. So my ladder starts at 48k and the rest of it sits underneath.

The momentum readings keep me down there too. RSI and RVI both swing hard on days that barely register on the daily candle, which is what a thin tape looks like from the inside. When a two percent session drags an oscillator across half its range, that oscillator has stopped telling me anything I can size a position on.

I'm not calling a bottom and I'm not telling anyone where to stand. Where does your first bid sit, and is anyone still weighting momentum the same way in conditions like these?
 
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