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Thanks, all clear now! I just went long.

Of course. I thought we were still talking about about the SPX.

So you dont think the major downtrend line will pose any resistance then?

I don't like to enter a long in a downward/bear market unless its oversold or bouncing off of a level. So I will either wait for those conditions or wait for the next shorting opportunity.

That's a good idea. I will probably look at shorting around 4009 and then keep scaling in up to the 200ma and then if it breaks much above the 200ma look at stopping out.

4009 is the SPX big fib 0.618 level, so a big drop tomorrow shouldn't take too many people by surprise.

Well I think tomorrow is a good day to get out of the way before making a medium directional decision. I think the day before is usually quite telling too. When we had the last lot of good news the market had tanked the day before. Today we had quite a strong day before the day of news.

They might as well keep pumping it now until the news events tomorrow. The markets can still take a massive drop and also have a santa rally still.

Looks like a nice pump ready for a big dump tomorrow.

Been getting it wrong today. Almost back to break even for the day.

Agreed, I replied to my post saying I was wrong, but it doesnt seem to have posted for some reason. NQ could start to drop now though.

a drop about now I think

Quite a variance between the NQ and ES today!

Short again

Getting ready to go short again when this level breaks.

close for now. 40 pts

Added to short at the revisit of the peak. Staying short for now.

Short from the peak there.

Reversed hardish from the mid point there. Closed my long but should have closed at the 50% level really.

Well I wish I went in hungrier. :-) Still long but I only went in with a tiny position so not made much from this.