Search results

FOMO. 3300 or more by the Close.

So far a repeat of yesterday. I'm thinking we'll see the same pattern for today. Slow grinder for most of the session with a push/drift higher into the Close. Generally, the probability of a sell is very slim on a day like today.

Ain't that true. I already noticed.

For you? No thanks.

Posted 52 minutes after the Open (I knew this one at the Open, but posting on ET is not a priority during opening hours): "Another day and another all time high. And I think we're set to make new highs by the Close. 3315 sounds just about right. Maybe even 3320. Would be surprised to see us...

The key long entry today was either of the three pushes down which snapped quickly up. I would not want to short the top of the range today as I have an expectation of higher prices by the Close - as posted earlier. Thus, generally only interested to hold a long on a day like this. :) To...

TR? Tricked? If one wants to succeed day trading ES (and probably other markets also) - it's key to be able to differentiate between various day types AND identify them in real time. Today is a day where traders anticipating follow through will get burnt badly. Once in a while ES picks up...

Interesting. I believe this was included in Trading Systems & Methods by Kaufman. Will take a look after the market close.

As was my response. I'm sampling some updated statistical data and the output is interesting. Basically, my data is saying there's a 99 % chance we won't trade below 3299 today. In fact - there's a 90 % chance we'll close above 3305. The bad news trading wise is that this today will probably...

Curious - how is it barely trending? Using which method and what timeframe/lookback period? Just a quick visual on the daily/weekly chart shows that the S&P have been trending higher most of the time since 2009, yes? How to define a trend is an interesting question though. i would not want to...

Agree on the latter. Both long and shorts are getting trapped here for sure. 'Fake' breaks on both sides of the range. I am however (stubbornly) leaning on my long bias from my prediction (not based on charts) posted earlier. Should we fall of a cliff from here - I'm thinking the downside...

Observe how we pushed below 3304 roughly 3 times and snapped back up each time. That's a pretty decent long signal in my book. It remains to be seen if the same happen on top of this range, but in line with my prediction above - I favour the chance of a continuation higher on this next push up...

Another day and another all time high. And I think we're set to make new highs by the Close. 3315 sounds just about right. Maybe even 3320. Would be surprised to see us both dip and close below 3291. After two days of fabulous action today will most likely be a slow grinder and snoozer...

Posted 30 minutes after the Open (would have known sooner, but was behind on my data update for today): "Main scenario for today is a repeat of yesterday. I'm thinking new ATHs (got them as I was typing this), but a sell down later in the session. Should be seeing 3300 today." Actual high...

Main scenario for today is a repeat of yesterday. I'm thinking new ATHs (got them as I was typing this), but a sell down later in the session. Should be seeing 3300 today. Did not enter long earlier, so currently staying flat and watching.

The problem is that you and others said the same thing last fall as well. Just as confident and just as wrong. The stance seems to be: "This market is way overextended and there's no way it can go any higher from here." Then, the market just keeps going higher. If we concern ourselves with...

I wish you were right, but I'm afraid you're wrong. Big picture - we're only down -0,16 % on the day. I think the 'BS' is going to continue for a little longer...

I tend to stay on the sidelines myself on such action. I find it a bit too random and noisy (maybe to someone else it ain't). Down 10. Up 10 just as fast.

Did you get and catch any signals then? Very fast play here.

Yes. But the dip is always bought these days it seems. And these spikes ain't that rare these days either. Good reminder for having a stop in place.