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Interesting. Actual weekly change on ES: - 1,01%. I was losing faith in this call after Thursday's lack of follow through to the down, but lo and behold. These weekly calls started out merely as an experiment as I have the data to be able to make such predictions, but were uncertain if it's...

And you should keep reading the news to get a grasp of what's going on in the markets! :D

On Sunday I called for this week to be a down week, i.e., closing down 1-2 %. I also stated that it could be the start of a multi-week correction (not a sell-off) before the next leg up as I remain bullish for the year until proven otherwise. Today's low on ES would be down -0,81 % for the...

You should seek a job in the financial media. They love explaining price movement with news or in spite of news. :)

Yeah. LOD in for today - I'm afraid. Should be seeing 3318-3320 by the Close.

Not unlikely. Let's see if we can get 3291 first. :) There's not been any evidence of strong, broad selling so far, so I am a bit cautious that this can reverse higher from here though. It seems like NQ have been holding the ES up both yesterday and today. ES currently near the LOD while...

Yes. Pretty much. Although that consolidation lasted for a bit longer and further than anticipated. NQ not done below yet, so we're probably due one final push lower into the Close. I'm thinking today printed the Week High and that we'll trade lower for the remainder of the week.

Hard to say. Generally, this journal has been ebbing and flowing ever since it started. It was great fun back in the day when I was just starting out and while there were always a few snide remarks, I generally think it was more friendly and less time was spent mocking other people's trades...

Where did everyone go? I'm thinking we're consolidating before the next push lower here. 3321 would be nice.

The initial level 1 circuit break trading halt occurs at 7 % for the equity indices using the cash closing price at 4:00 PM ET. With the current closing price of the e-mini S&P 500 index - this means a 231 drop to the price 3320,50. Looking at some data I have at hand - the real nasty down...

NQ is strong with new ATHs today. I have a 30 % chance of this turning into an Outside Day, i.e., HOD above 3330 for today.

LOD most likely set for today. Should see a run towards 3328 or more by the Close. Hopefully, that can set up a nice double top for some selling lower by end of week. IMO. :)

Not the stuff I'm using particularly since I'm using datasets (not raw data) that AI/ML Systems do not have access to in the first place. I actually hired a programmer to run some ML algorithms on my stuff and he didn't come up with anything I could use and actually did not discover some of...

Knowledge and understanding - that's an edge. Wipe your slate clean and start observing what's going on in front of you. Make observations. Check the validity of your observations and be honest with yourself. Use or discard. Move on. Test. Test. Test. Research. Make a plan/trading model based...

No problem. :) If you trade technically - then trade technically. It's THAT simple, really. And really the only way to go about day trading. News, economics and opinions should have absolutely zero bearing on what you do as a technical trader. Ultimately, it's the movement of price which matters.

And that played out as expected. Nice. :) Weekly Prediction Week 4: My weekly technical model predicts next week as a down week closing down between 1-2 %. The week high should be in by Tuesday or Wednesday and we should see the week low on Thursday or Friday. This could be the start of a...

Yes. I read a short article on the 08/09 Financial Crisis earlier this weekend: It's my impression that many people are saying the same things now.

Why not? And why does it seem really improbable? Do yourself a huge favour and eradicate this thinking and any political/economical viewpoints when you're trading. Do I remember incorrectly or was there not a week or row of days in your old journal where you were saying the same thing, i.e...

Like I've said a few times to various people now: "I hope you're right." I'm just curious what the specific trigger will be? I believe the previous financial crisis was triggered by the bankruptcy of Lehman Brothers. Not chart patterns. Not markets being overbought or too high. I know a guy...

Every day this week made ATHs.