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TRADE TO WIN

If not UNG, then BOIL which is a leveraged ETF. The inverse is KOLD. You can trade options on UNG or BOIL as well.

If you understand the environment, that changes everything.

ES probably needs to take out 4100 now.

Well, it's February. Again!

Makes me want to go buy a print edition of Investor's Business Daily!

You do realize we're in a bull market now?

Am I the only one without an algo?

Often it is. That's why it is so hard for some people because the bear case is generally so much more logical. To be a bull, especially in the early stages of a bull market, you appear to be disregarding every ounce of common sense. That being said, being down tomorrow won't surprise me.

Some of my internals may be supporting you for tomorrow. Glad I went with NQ for the afternoon rally.

My guess is we finish afternoon up, especially NQ.

Do you ever want to evolve as a trader or are you just going to continue to think like the herd?

Afternoon S&P 500 index move:

Afternoon long bias confirmed.

IMO, stick to long side now this afternoon. But this 4100 level now resistance.

So far the reversal script playing out.

Great point. What just happened or what might be happening right now isn't necessarily indicative of what will happen in the future. Conventional PA / TA is limited in scope because it doesn't give you the full picture. For instance, using your analysis, that gives you the rationale to fade...

So my best guess is we'll get some type of decent bounce today -- doesn't necessarily mean we close positive but that's at least the gameplan. Maybe that fits with @themickey algo. I like to come into each day with a possible scenario (or scenarios) based on a combination of factors so I'm...

Gotta be careful floating balloons these days!

have you done your analysis on NDX as well? That is looking more intriguing to me for tomorrow.