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Who knows. I think many people have believe it to be 'today' many times already by now. We sold off more than this earlier this year. But with FED actually increasing rates this time, who knows. What do you think, @Scataphagos ? :)

May I ask what your basis is for making this call? :) Is this pure technical analysis or are you looking at fundamental factors also? I have more than enough predicting the next 10 minutes and think it's futile to make long term predictions. I wouldn't be surprised if the top is in for the...

I don't have any clear targets below. Seems like round numbers are likely, i.e., 2740, 30, 20, 10 and finally 2700. 2% down at 2736,50. 3% down at 2708,50. Currently down only 1,3% or so, so no big deal yet. This could be it. I have no conviction either way, but the path of least resistance...

I bet we trade below 2750 at least. Held a short from earlier that I took out on this retrace back up to 2761. Too nervous to risk a bottom forming here with money on the line. But if my pockets were deeper than they currently are, I'd hold my shorts to the close today.

Although one of the scenarios I'm anticipating is a green close for today, I find it highly probable that we'll print 2750 in RTH today.

5 days down in a row now and counting. 175 points down from the top. Can easily destroy an account if money management isn't applied. Expecting another huge day tomorrow with a 3/5 chance we'll close positive on the day. Should be interesting. :)

There you have it. -3,3 % now at 2790... The worst part about today is that I had this type of scenario in my sights shortly after the open, but it seemed so unlikely (which it is) and I didn't properly capitalize on it. Hope you guys pulled home a nice profit today.

The market's corrected roughly 350 and 250 points twice earlier this year without any real 'trend change'. That is, the market resumed it's up trend shortly after...

Looks a lot like the start of 2018, doesn't it...

3 nice 10 points swings from the lows in succession, but they're getting sold. I suspect we might trade lower yet today.

I asked you earlier what such an obvious sign would be. At which point do you consider it a reversal and not just a pullback...?

Nice trade, anyway! 2800 is around 3% down. It's happened before. Let's see. FWIW, I'm flat from an early short and find it hard to take a stance from here. Could be a great buy here...

2800 today, yes?

You missed my point. I actually gave Rickshaw and others praise for being in tune with and utilizing this bull market. I was merely curious if they use stops at all and what their strategy is when this market one days reverses for good. If you're increasing position size in tune with profits...

Holding yesterday's close over the night yielded an unrealized loss of approximately 2800 dollars per contract on NQ. So, you got to have deep pockets to utilize this type of play. Do you guys have any stops at all? One day (and there have already been periods like this) the market will drop...

There's no doubt that Rickshaw and others have been very much in tune with the bull market that's been and seem to have utter trust in their 'buy the dip' strategy or 'go long anywhere'. That said - if you bought the Open and sold the Close, you'd have some really bad days lately except...

I didn't bother to open the article, I'll admit. Technical analysis can be many things. There's no doubt that there are technical patterns in the markets (and these may wary from markets also) that can be exploited. Identifying which pattern or sequence which is in play during a live market AND...

Bailed on my short to secure profits and cover an early loss. Wouldn't be suprised to see this sell off quite a bit. I have 2860 as next target below.

NQ below Friday's low.

Could get interesting if Friday's low doesn't hold.