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1375.26... Close enough! People going to be taking profits here for a bit... Tomorrow's session is when we may have a good short setup. The amount of momentum that we hit on the hourly means that we need another hourly rally cycle even after this one consolidates... LoL! God I love...

Hmmm... By the time we hit my 1369.87 target today $Tick was clocking far too high for any short setups. Meh, maybe tomorrow there will be some good short setups. Hitting new highs just reconfirmed the weekly uptrend. Incredible! Only trades I have been able to do is scalp long...

My exact calculated target for the week without rounding... By my math I figured the alogo's would start to distribute at 1369.87 SPX. They hit at 1369.91... Maybe they overshot it by a few cents just because of a calculation delay. Odd... Hmmm... Going to be patient. No need to rush this...

FINALLY we hit my 1369.5 price target... Hmmm... Not short yet. Momentum is higher than expected and the market is internally supportive. Should be able to get a better price at one of the higher target levels like 1374.5 by tomorrow morning. It is after all OPEX week...

Nobody gives a rats ass about the AG news... Just look at a chart of grains... Mega momentum bull flag rally...

Just noticed this on the S&P 500... Does anyone happen to know if the volume pattern matches properly? Try the SPY or the /ES for vol. I don't trade these chart patterns. Just curious... Gonna be some good long setups at the yearly new lows/near lows again if this thing breaks next week.

Looks like your doing a quite a bit of short trading in addition to long trading... The simplest way to get rich with VIX is wait for a 30+ spike... Wait a month for the market to settle down a little and buy dips. Wait for euphoria then sell... Warren buffet style trading. Buy the...

When it comes to FX the one thing I remember the best was the weird divergence between the USD and the CAD in winter of 2008/2009 I think... I was up in Canada at Whistler and managed to get hundreds off on my pair of skis because I had dollas!!! Dolla dolla bill yall! She's gonna be strong...

The EUR/USD doesn't matter to those trading the SPX... It's technicals are cross correlated and built in. Too many global alogo's playing that trade. These messages were between me and elovemer. Current EUR/USD > S&P 500 correlations are only Medium/Low. Traders are not focused on Europe...

I like to know what is going on in multiple timeframes from daily to weekly to monthly... So that I know how fast the core of the market is moving and which direction. It's like these daily engulfing reversal rallies... If you daytrade short in the first few days of these and get stuck...

Europe??? Who gives a sh*t... If the global markets go up that means supply/demand has increased and our market if gapped is already priced by the open and more likely to go sideways and fall. LoL!

The only bullish thing I see in this market is in price... I had a distribute signal hit last week on the 5th count as we pushed into the weekly highs... And the pullback was minimal just like the 3rd count. Only 50 points from the weekly high on that swing before it broke the 20 range back...

If you want to know what the biggest players in this market expect... I can tell you exactly what they expect. A friend of mine has sent me the Goldman sachs hedge fund advisories that are only supposed to be cleared for 50mm+ investors... All these idiots are expecting a 2007 replay...

A hedge fund manager friend of mine I know is levered up long and expecting us to hit 1420+. Most all the big players are rushing into this market or already rushed in from the inverse H&S setup recently. And that is why I think were about to top out. These guys don't really give a damn...

Yawnnn... The market always has an exact calculated target for distribution/accumulation. All you have to do is try to solve that target or get close. The cycles and patterns as it makes it's way to the target are unimportant and are just to collect stops, take out weak positions, and trap...

I don't trade FX because I am not a trend trader. I buy dips or sell tops and prefer instruments that range or trend slowly.

The market likes to mostly only turn on even numbers. The last rally was 60 handles. From my calculations this one is most likely to stop before 60 handles. So I'm thinking 50 or just before 50... Today just gave floor traders and pro's a chance to collect stops before running the market...

Bit more to it than this... Measuring projections, retracements... But, this is the general plan for tomorrow. Fade swing highs. My target high resistance levels are 1369.5, and 1374.5 SPX. These rally sequences recently have lasted 3-5 days. Once you pass three days the odds start to go...

The market is closed... Tomorrows trade is short the 15m swing highs unless vol is clocking.

So... Before anyone even talks about "counter-trend"... First please define what you mean by it. If your trading off a 5m I define that as buying when price is under a 20SMA and the SMA isn't angled upward. Same for 15m, etc... Once you get to daily I define trend by engulfing...