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$SPX took out yesterday's and Monday's low. Now where will it close? If it is in current zone the short term daily trend for me is once again down, re-aligning with the long term. Barring any crazy u-turn tomorrow morning of course.

23 pages worth of us mayo eaters is who. ;)

Just looking at this while making a screen grab of it (TD REBO levels) and thought to myself damn should have noticed never got that close to upper level since RTH started that the bias would be to the downside ... once the break eventually came.

IMO the only buying done today is to absorb selling by shorts and try to stabilized price. Seems like it isn't working all that well. Other than to not give a lot of ground. So far.

Narrow ranges today waiting on tomorrow's CPI. Likely why not much carry thru.

Whooops. Someone heard you:- 23.66 -4.42 (-15.74%) As of 12:52PM EST. Market open.

Think buying on LOD is going to get exhausted at some point. Shorts keep smacking it down every time it moves up.

Also same basic recipe/steps were mentioned in a Youtube someone posted early on too.

Short term (Daily) I see trend as up and longer term down. Breakout and close above/below yesterday's High/Low may determine which way it is resolved. Unless current day and/or tomorrow are inside days. On an even shorter term basis (60 minute) I see longer term up and shorter down with current...

Futs are right above my TD REBO breakdown levels and Cumulative Ticks have been negative all morning.

Would you include Hershel Walker in that thug group?

Never touch a third rail, never jump out of a plane without a parachute, never tug on Superman's cape ... but most of all I never listen to anyone who tells someone else to never do this in trading. Trading doesn't do never, always, will, has to, gotta, or wimpy hope it does.

I don't want to put words in your mouth but it seems you learned the lesson that trading and investing, for the most part, are one and the same. Main difference being time horizon. Buy (or Sell short) at one price, if there are the right reasons to, and sell (or cover) at another price, again...

Recently a couple of trades, on different days, I reversed by doubling trade the other direction, only to forget for a 10-15 seconds that oh chit 'I'm back in" the other way!!! Both worked out. Small gains. No such thing as luck. I definitely don't count on it and can do without it. As for...

Container demand collapses amid recession fears November 8, 2022 THE latest container volume figures from Container Trades Statistics shine a harsh spotlight on the ongoing collapse in demand in the sector. September liftings of 13.5m teu mark a 9.5% monthly decline from August and an 8.5%...

Thursday after CPI release? :)

Plenty of mistakes less and less over time but no regrets. I don't understand why one would? Oh ok I do have one, that I didn't get into trading sooner than I did in 1996. ;)

ES below yesterday's high and close.

And there they go again. RTY is actually below last night's open.

ES and NQ only retraced -38.2% of the day's range, while RTY a little more than -61.8% So they might not be done dropping, especially if RTY continues down.