I would like it to open gap down and make a bottom during first two hours of session, test 798 and see how it goes from there. Don't want an open up by a few point then range bound for the rest of day. Let's get some wild swings.
Forget the wall st crowd and their bullshit etc.
It is natural for people to look forward. If I want to invest I will look back to analyze the historical trends etc but I will put more emphasis on what is going to happen over the next few months or years, depending on my timeframe.
At...
I agree with your self-deprecating comments.. but
could be things are not as bad as then and we are in the depths of the recession, another 3 or 4 months and economy will start to turn around. Market looks forward
They say never trust a dull market...but this is not bottom here.... there must be more energy and gyrations and big red bars.
Or, was the bottom yesterday?
good trade.
Waiting for test of lows before going long. They may take it down after 1 pm, test lows, and then I will see how it goes from there.
Alternatively, markets could be in ADU mode, and test 840 before shallow pullback.
I think ES tests 798 today. If it holds, then market rallies to 870/75 by end of week. If it does not hold then we see 770 by close of day.
Another support area is 814/817 - this should be tested early unless it is an ADY day
Resistance @ 840/44 and 860/865
the thread seems to be deteriorating with less trade talk and more discussion and chatter about personal and non-trade matters; this is a unique thread in ET that focussed on trade but lately it has approached the nature of other threads...
Yeah, pre-FED announcement day. Wonder if Tuesday will be BUY the rumor, SELL the fact.
This feels like a huge trap is being set, but for who, bears or bulls?
They wait on the Senate vote and Treasury Secretary's appearance before the the Senate Finance Committee tomorrow.
Today feels like a FED day, going nowhere...but still 90 minutes to go.