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i cant rule out a rally from here just yet

I really thought after september we would see more downside. but last few days PA is all bulls. next level of support is a good ways down. i could see us spending more time between here and 3370

Thank you for the explanation

Would you mind defining a POC and what makes it a POC

It seemed like the use of those charts was a primary factor for you in believing the bull market was not dead (during march sell off). And obviously the last 5 months proved this idea / your methodology correct. So why not sell yesterday? Could you elaborate on where 4200 target comes from?

I would assume (without research) that the two times the high was taken out would be in environments like this near highs/ parabolic moves. I Appreciate your stats

This implies you are short (or short biased) correct? With the late day run up (volume or not) and AH gap up, How much significance do you give to this type of analysis? And how does it factor into your trading? I am interested in using volume, so I’m curious how important people think it...

This has been a tricky week with both sides getting squeezed over and over.

Hes just trying to get us to go long NQ with him so we can all be billionaires faster than we would while buying ES/RTY. Get out of here with that dark magic!!

where you selling that one?

not sure honestly. I don’t see them as that way anyway. As someone who used to pay close attention to gaps, I now rarely do and I don’t see it affecting my trading. I agree with LF that they are interesting questions you’re posing, but likely the “why” doesn’t matter, in regards to gaps, at...

I think what he meant is while many people talk about gaps existing as if they are important, the PA comes first. and gaps should or could be looked at as targets in the context of trend direction and not magic magnets that HAVE to get hit with any specific certainty on any time frame.

I understand your point. I think he has remained honest, although very committed to his views (right or wrong). It was difficult to go back and check all those trades because not all were updated when stopped, but the 400 point loss he wrote seems to be close to what it was from end of feb to...

If I remember right in late feb, early march he was assuming normal support would hold but traded with some large stop outs because of the extremity of the sell off going deeper to hit multi year lower zones. The stops probably could have been tighter if trading from the long side during then...

B1, do you think the way you trade could be automated? Also as an ES trader, how much significance do you give (if any) to other indices hitting probable targets before ES? (i already know you don’t believe in scaling out.)

Hope so, just looks pretty strong

Pennies in front of the steam roller looking extra shiny today?

frustrating to see NQ breaking out higher and ES not quite following

i think fridays are hard because of expectation (prediction) of where we believe week will end. we all see that a massive move is possible one way or the other today. ive been getting chopped here too.

What (if anything) do you make of the upper 333 SPY gap being filled already? (i know its rubbish and it didnt actually happen. The QQQ gap is still there however