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Yesterday wasn't that much different from any other day except that it was an Outside Day and that the volatility was high even in this environment. But a basic answer is that when price started dropping below Friday's high, you'd generally expect a test of Friday's low as a target by the...

That's one hell of a trading range! :) I'm not sure how much @mastacoli71 was anticipating, but when you disagree with him saying it can't go much lower, it does not sound like you can expect it to drop another 70 points or so (to the February lows). As for the buying at the close, a 40 point...

As long as there's volatility, I'm happy. :) But quite frankly, I know a few people from the buy-the-dip crowd who's turned into really arrogant pricks and 'market geniuses' after this bull run, so I wouldn't mind if they got a costly lesson also. If that makes me an asshole, well, then I'm an...

Why do you doubt that this market can go much lower? You seemed to doubt it would go down when we were 50 or 100 points higher also. Today we made new lows. The VIX spiked again. And ES futures had the biggest range so far in this correction. Yet you doubt it can go much lower... It's...

The fat lady hasn't sung yet. Incredible volatility. I hope it will last a few weeks more.

Best of luck, Julz.

Similar moves have happened in the past. One doesn't even have to imagine. I understand you're in no danger of blowing up, so not worried about that at all. But I assume you want to read the market correctly and profit on your trades regardless, so my points are valid. If you knew the market...

You just can't see what's right in front of you which is a market that keeps making new lows and is down well over 300 points from the high now. Why not just admit that you were wrong and still am? :) I have alway thought Pekelo have been a bit hard on you, but this is really starting to sound...

The market is down 292,50 points/-10,0%, continues making new lows and people are still waiting for a 'bear catalyst'. By the time they get their catalyst, it's probably time to be a buyer. :) That said, I think it's a time where one can start to anticipate a potential bottom. Not that I'm...

Trading is similar to chess. You need to think ahead and anticipate. Map out multiple scenarios. Don't place too much importance on one single bar. If it's a big up day; should that up day be interpreted as strength/trend reversal or is that up day part of the ongoing down cycle? Day trading...

Thanks, Pekelo. I don't normally make long term predictions, but once in a while I feel there's enough data to make an educated guess. Sadly, I wasn't able to profit on it. At least not as much as I could have...

5 points from my target now. If we will find a bottom there or if the market has entered a longer down trend remains to be seen. If I were to take a guess, I'd say we have more downside potential still.

I can't say I lose any sleep over it, but it's a little odd to see B1S2 who talks about journal integrity basically trading without a stop now that he's continuously stopped out. 2650 remains a reasonable target for this down move. :)

1,25 point short of your stop in RTH today, @Buy1Sell2. I'm afraid it will get hit in RTH on Monday.

Slowly working the turn now. Monday should be fun.

Thank you for your input, B1S2. To summarize 45 minutes prior to the close and using current last traded price of 2803,50: ES have retraced 40 % of the down move and is up 3,36 % from the lows. We're still down -4,8 % from the highs. I'd imagine we shouldn't retrace much higher than this for...

Please don't pay any attention. Long term predictions is pure guesswork on my end and just an intellectual exercise at this point.

We're up around 3,1 % from the lows and have retraced roughly 37 % of the down move. It's not uncommon to see some strength after such a move down. Unless it's a full blown crash, markets usually retraces and consolidates. It's easy to forget both in uptrend and downtrends. Personally, I'm not...

They sure is.

If your stop is 2761, I think it's a good chance it will get hit today, I'm afraid. It's roughly in the middle of yesterday's close and today's open, so I'm curious why you'd want it there. For a longer term trade - wouldn't it be better below the low on this major leg down? I still think 2650...