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Lot of things that I am observing suggest as minimum 102 on SPY (not today but we say next week). If it will bounce from this level there will be lot of explanations why it is "logical" and XY was tested, retested... and everything is fine again, we can rise If it will go bellow significantly...

Goldman Ceo: Nobody is buying. We need pullback. We need test 200 day EMA. Employee at trading desk: .... switching price there. Ceo: Not immediately stupid bastard! We need few weeks go there! Employee: Ooops....

Looking at SPY we are (nearly) testing 200 day EMA. We can bounce from this area very strongly. But where is the last stop run?

200 EMA on ES is around1020 and there is magic 1000. Magnetism of 200 EMA is that big that it simple "must" be tested. If we will go through without major bounce through it than like I wrote that gap in low 900 is natural target. Not speaking about never tested 666. But may be simple the...

I believe in this situation the 200 EMA on SPY will be tested (around 104.80 now) in next very few days. I think it is unavoidable. If it will not hold than gap at 90.55 seem next very attractive target.

If I should "invest" or take many months long position in this market there is no chance that I will do it befor the spy tested 200 day EMA. May be they want to do it otherwise they can not attract "investment money".

I think that simple today is played game "touch your EMA", yesterday was played "touch your SMA". Due this reason is NQ very weak because it has longer way to go to be aligned. We will penetrate it (probably on Monday) but not end bellow it.. If there will be no bounce from it than I believe...

The seul analogy from past that I can see was year long.

Do you know what is very interesting? VWAP on rangebars for ES is IDEALLY FLAT yesterday and today (usually it is curved a lot). Because it is used for automated trading and much more reliable than VWAP on time bars I can not imagine anything others like: There is some unbeatable power keeping...

CCI was -300 on Friday another bigger red day is hardly possible (I can not find any example of it in past). Inside day or rebound. Whats tomorrow is another question.

Very rare oversold situation. Past is indicating: Buy that dip but DO NOT HOLD LONG!!! I am dip buyer but this I can not buy, my heart will explode.

Comparable oversold we were just 4x since 1994 if I counted it correctly. It looks like interesting - where are dip buyers?

Bears are celebrating Ben kick off helicopter.

Shorting close to S3 can be big rewarded - but very, very rarely only.

My apology, I wanted write ema 200 on WEEKLY. I think that we will go down a bit, than very quick stop run close to this EMA again and just than real retrace. But because it is weekly EMA this is more for swing than daytrade.

Today SPY penetrated 200EMA on daily - touch was unavoidable - and immediately retraced bellow it. I think that min. 5% ES pullback is unavoidable as well. Oh, and there will be heavy stop run on shorts. Keep things simple.

It is interesting but in my internet store I see statistically significantly increased buying from Iceland. What I am selling is designed for hobby but prices are lower than in "old EU countries". So I explain it "they still want their hobby but save a bit".

I was stopped out of all attempts make long swing during last time. On contrary, every short scalp trade ended positive. Vast majority of them just a little but this is normal - contratrend trades. I am afraid that bigger pullback/turnover will start out of RTH therefore I am not comfortable...

Simple because shorting this market (daytrade during regular US trading hours now I am not speaking about swing) is far easier than going long. And they do not speak about pullbacks. If there will unexpected break it will be to the downside. There is no risk shorting it during regular hours...

I see several CARDINAL resistances bellow 1200. After my opinion impoossible go through without significant pullback.