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Why would you say it’s a no-brainer?

Asia's been very dull lately. More action in the European session for sure. Trend day down closing down -2,01 %. It's the weakest close so far in 2023. I think we'll trade below 4K on tomorrow's open, but it's quite possible that dip will be bought. FOMC minutes can sure shake up things by end...

Why not breakeven that entry if you're still inclined to hold short? Tomorrow is FOMC minutes and they'll either help you or stop you out. Since you like charts, I'll share one. To me, it seems like we're coming into support and a round number here. There could of course be more juice left...

Looks like the LOD is in to me. Maybe 4020 for the close. Else, probably just going to range around here at the lows. In my humble view of course. :)

Flat at 06 on a trailing stop. 90 minutes left. I'm sure we'll see sub 4K on ES, too. Just don't confident enough to hold as we're closing in on a potential turn here. A huge drop below 4K is the unlikely scenario after all.

Daily looks like a trainwreck now. Everyone who was bullish at the highs should be even more bullish here as this should be a bargain. Now, since this is a market that have players getting bullish at highs and bearish at lows, maybe it's time to start looking at the long side a bit more here...

2 % down here and SPX below 4K with no reaction. That's a tell, IMO. Holding short here in case liquidity disappears. This is weak as hell at the moment.

Should be interesting to see where this day goes and where we closes. I suppose most would be expecting support at 4K, so maybe that's why we'll end up dropping right through. We're coming into some potential major support here, though, so I think I'd better not push my luck. Maybe I'll bail at...

Monthly looks fairly range bound to me for the last 10 months: I don't see a clear trend on the weekly either:

What would it take for you to negate the bull case and turn bearish? And how about my prior comment suggesting a third alternative to bull and bear - namely range bound?

That may very well be... :) Intraday, I still view this as a retracement (which may very well take me out) in a trend day down. I'd be very surprised if today reversed strongly and traded/closed above the Open, but I've seen stranger things. So, it's not like it can't happen. Just an...

So, a reversal and not just a bounce? I want my 4006 first. :cool: We're down 1.78 % here at the LOD. In this volatility the market can easily spike through my B/E stop by a wide margin and reverse again. It's a tough call. I think we have a good chance at that 4K print, but I'm not...

Bottom pickers getting creamed here. I dislike this action, though, as every time we make a new low there's a spike reversal. Like I said - there always seems to be a bid in this market. My guess is 4K will hold for now, unless there's some kind of capitulation. Seems unlikely at this point...

I know you're not. You already said you'd wait for confirmation and a move higher first. That's wise. Just saying how I recognize this day and relate it to my past failures. Could be a lot of big players want to take a bet on 4K holding and they might front-run that, so who knows where...

I can see my younger self trying to pick a bottom here. It usually didn't end well... :) Agreed on the latter. Not sure about the former. Could you show with a chart? Here's my view. I don't think we'll see a bid until 4K. And who knows if that'll hold.

If there ever was a bull flag on the daily chart that was destroyed completely today and on Friday with the foreplay starting last Thursday. I generally prefer being long as I always feel there's a bid in this market and I hate those intraday bear market rallies, but this looks like 4K to me...

Take your 10 points here for a 2:1 R or hold to 4100 for a 10:1 R/R.

If you get the R/R right you can do well with a low win rate. So, for example long 4050 with a 5 point stop targeting 15-30 points would not be the worst trade you could take right now. But if your R/R isn't right and you're risking dollars to capture cents, you really need to maintain that...

4050 tagged. :cool: This isn't the environment to marry a view, i.e., this will be a bull week or this will be a bull month. Just buy the up moves and sell the down moves day by day or hour by hour. :)

I wouldn't get over-confident to the long side. Just from a glance at a chart this looks just as ripe for a pullback to 4050 / 4020 during the overnight session, although I do think we're due a move above Friday's high tomorrow in RTH. The market's stuck in a range lately and clearly there's...