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Yeah. 4K dip buyers coming up next. Will they also get creamed?

As I said a few times last year (and maybe once this year) everyone appears to get the most bullish near a market high and the most bearish near a market low... :) The FED took away the punch bowl, guys and gals. This is not the same market as we've had the prior 10 years. Now, the day is...

4K incoming. Will it hold? Not so sure. :) Dip buyers probably going to get creamed here.

Actually, tomorrow will most likely be a down day. :cool: Of course, need price to confirm, but I'll have confidence in the short side tomorrow for at least a retrace back down to 4K or so.

We're now in a potential sell zone from my point of view, so this is why I'm cautious towards the long side in this area as there's a lot of stuff going on up here. The push towards 4000 - 4030 was the easy part to figure out. The next part will be more tricky. Today should close green, but...

Just stopped out while taking a leak, so done for the day and not chasing this. My predictive model gives equal weighting to the HOD being in and the market continuing higher. My intuition says we're good for another 15-20 points if we breakout above the HOD, but that's all uncertain right...

I can easily see it if we breakout above the HOD as there's a lot of air above, but my confidence level isn't strong enough that I will add to a trade on that today. We've gone a bit too much over the last few days for that.

May I ask what's the significance of 4080? Seems like a stretch to me today, but definitely within the realm of possible... :) Particularly as I don't see any obvious levels above the HOD to reverse this. But, we stalled for now, so no 4080 unless we can pick up some steam again to the up side.

You mean 4051 which we already put in at 11:25? Like I just posted it seems to me there's a small chance we already put in the HOD, but I think there's enough punch here for another thrust higher. If that thrust takes out the HOD or not is uncertain. Right now it's chop hour, so might not be...

2 back-to-back trend days. There's a chance we have the HOD already, but I'm betting we'll see another push towards the highs at least.

If your system is 100% mechanical there should be zero «tilt» and it should be automated ASAP and easily.

Yeah. Nailed it. ;) Not around to monetize it, so have to see if there are any crumbs left when I finally get online. Considered going long this morning with a wide stop while away from the computer, but decided against it due to current conditions.

I'm afraid I don't follow your reasoning based on that picture. 4400 is 10 % higher from Friday's Close. Sure, it can happen, but I don't see how it's a "free pass". From my POV, we can still see a failure around this 4K area for a new drop lower.

How do you reckon it's a free pass? Not really. I specifically said that for Monday I'm expecting continuation or consolidation and not a reversal. I also specifically said that the 4K level is where I'll be monitoring for either continuation or a reversal. Having too strong a bias or...

Yes. We should see a push towards ~ 4000-4030 next. Just not convinced yet we'll get legs above that level. Let's just see when we get there... :)

Nailed it... :) No big scheduled ### until Thursday next week. In summary, the market broke out of a range on the 6th of January and pulled back for a test of the range high area before propelling higher to the 200-MA, trend line high and a gap fill above around 4030. This week we saw a...

Once again. :cool: Without the FED juice I suspect this will be the way moving forward. So, the playbook moving forward for a trader should be to stay very nimble and flexible without too strong conviction in either direction. Fade or take profit near the ranges and catch a piece of the...

Trend day down. Interesting. Maybe it's all random, but we filled the gap above around the TL high as anticipated and today we filled another one from the 10th of January (last Tuesday's Close) to the down side: Unless there's any news or other triggers coming up, I do think we'll hold above...

The best answer should come from someone having experience with both. At a glance AMP seems better as you'll get better rates and a wide choice of platforms. I'm a happy Ninjatrader/Ninjatrader Brokerage customer, though. On average very stable including high volatility periods. Execution and...