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Thank goodness for protective stops!

So RTY going to top out or pull ES higher. Place your bets.

Admittedly, have been looking for a bottom because of the overall bearish "conditions" BUT I wasn't looking at what the market was telling me. Thanks for calling me out on that -- you can look for things that support your bias. On the other hand, a few observations from yesterday: 1) They...

Decent chance of finishing up today. @Overnight was on it. Lots of positive breadth divergences on yesterday's decline. Seasonality is weak today but we're through the worst part of seasonality. If ES clears 3700, this thing will get jiggy. Let's see what happens today.

Appreciate your honesty and humility.

Might get that rip to 3750 in last 1/2 hour. Breadth started improving over past couple of days and is really strong today.

So we definitely have a lot of indicators that are consistent with a major low -- and admittedly, I have a little FOMO on the potential 4th quarter rally. However, the trend and momentum are still down and I don't have "harmony" across my time frames -- meaning my longer term charts still...

One of the things that has been interesting, especially in the last few days, is that the "consensus" seems to be that the market has to go lower. Inverted hammer-like candles on NDX and IWM on daily yesterday. Hanging man-like candle on the VIX. Maybe the bottom has finally come together!

I don't think I'm always bullish. I admittedly mis-read some stuff prior to Jackson Hole.

I agree with @Relentless thesis - at least that a pretty good rally is coming. I'm not worried about what is already known.

Ohio actually allowed first and then suspended: https://www.cleveland.com/open/2019/10/ohio-suspends-bitcoin-tax-payment-program.html

Be like water, my friend (Bruce Lee). Sounds like you're in a good place. Understand being present -- not letting yourself fall into a trading trance or letting fear, whether fear of losing or FOMO, drive your decisions. I have to be very intentional about that -- for some others, it's more...

Do you mind elaborating on that a bit? Is that just an underlying philosophy or are there things that you find yourself doing regularly which affirm that?

Is this akin to the Steve Jobs' "Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose."

Houston we have a problem!

Looks like it's firmed up for the day now

In my case, I just didn't do a thorough enough job on my analysis -- that can happen when you have another job and other obligations.

You mean like I did last week?

I don't think fundamentals are as bad as everyone says and a lot of "bad stuff" is already priced in but technically just doesn't look like a bottom yet.

In a prior life, Friday's price action would have probably sucked me in because of how the market closed. My weekly charts still pointing down for now.