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And the cycles are still in control.

Here is your area of resistance on NQ. Still, too oversold for me to short and I have cycles up. Good luck.

I have short-term cycles up all day so I'm not shorting today. I may be wrong but I'm not going to go against them. Continuing to watch the unfolding dynamics among ES, NQ and RTY. RTY is definitely the place to be today so far.

Logical initial resistance here. Let's see what happens.

I don't know where this QTrader guy has been but I like him! I like the folks who trade based on what they see and not what they think and feel.

So S&P needs to reclaim that 3450 area if it's going to get anywhere. I should add that the 3400 level also could be a magnet area that needs to get re-tested.

Depends on the trader, time frame and strategy.

Cycles are up for today and with this pattern, definitely expecting rally to continue today. We are right up against a little resistance this morning (around 7:00 a.m. EST) so wouldn't be surprised to see a little pullback before resuming the up move.

you can always trade the /SIL instead.

Time stops can be a better option for some traders, depending on the types of analysis / signals they use. Sometimes I am fairly confident that the price will close higher or lower than the prior day but have no idea of the path that it will take to get there. In fact, on days when I have a...

Are you willing to bet $1.00 on these trades?

Dollardogs: Just my 2 cents here but keep in mind that trading and market analysis have an "art" component. Anyone who tries to make it purely a science will end up frustrated and concluding that nothing works.

Dollardogs: Greetings again. I appreciate your willingness to learn. Just make sure you're not choosing time frames just based on action and stimulation. The big money is in the big moves - which happen over larger time frames. Just my view, but it's a brutal way to make a living being a...

Better than that is a trading room on EchoFin.

Never made it to 3520 level. Moved in-line with short-term cycles.

If I thought the market was random, I would never take a trade.

Yes, Yes, Yes! The ability to be resilient and cope with the ups and downs of trading is key to long-term success. Learn to manage your own mental state.

Remember, it helps you make progress (and have the proper mindset for trading) if you don't beat yourself up mentally. Note what you did well and identify the areas for improvement without being overly critical. Trading requires self-compassion.

Good point, syswizard. Options expiration days can be all over the place.

Operating under this assumption right now. If this is truly a "3" up, we should really get going. Alternatively, that "3" could just be part of a corrective wave up. Either way, looks like more room on the upside -- at least to that 3520 level. Open to a variety of scenarios but trying to...