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ES new highs - NQ not. Took a long scalp, but quickly got out prematurely because of that divergence. Looks like NQ is simply lagging though and catching up, but generally not a big fan of those divergences.

Choppy morning. This trading range is tighter than a nun's ass. Leaning towards a long entry from here with a HOD target around 80 or so. Currently flat - so risky to enter in the middle here. Let's see what the day offers.

So - that's what happened. Anticipating a gap fill at or toward 65,75. If we find support there or sooner - I'll be looking to enter long for a move back up towards Friday's high at 83. Main scenario for the day as of now. Good luck, traders! :)

I have positive experience using Upwork for stuff like this. Just make sure you qualify who you end up using.

So, Friday opened at all time highs, yet turned into an Outside Day closing at the lows. If Monday opens gap down at 09:30 - and not too far from Friday's Close, I anticipate Friday's selling will continue for most of Monday. Opening gap up - we'll probably trade higher from the Open.

Yes - but the market did trade strongly in my favour. You seem to fail to grasp that it's a matter of probabilities. At times - these can be so strong that it's close to a certainty. For example on Monday, although the market overshot my prediction by 3,50 points: ES Journal - 2019/2020 I...

Not really. I did not say either. The honest truth is that I don't sufficiently understand economics well enough to have a strong meaning on this. What I do know is that I'm not betting against this market on the basis of if being 'overbought'. Anyway, thank you for your thoughts.

News or fundamentals certainly do not seem to matter. In all seriousness though - how long do you think this market and market behavior can be sustained? This does not seem sustainable, but I'm certainly not betting against it (save for intraday plays) yet.

Well - I switched to a. on the spike up at 71 as I mentioned could happen and got a second buy signal at 11:37, but switched back to b. on the false breakout of the current HOD at the time. As you can see - the prediction did not turn out right for either scenario. It's a matter of...

Let's try a prediction, then. As often is - these predictions are conditional. ES (e-mini S&P 500) today: a. If the market holds above 3271 for the next 90 minutes - we will find today's High of Day near the Close. Should be around 3280 and a new High from here. b. If 3271 fails to hold - we...

I'm not quite sure, to be honest. I don't trade long term and have only recently started making weekly predictions. It's more of a hobby to me at this point since I have my hands full with intraday trading and other stuff. But I have some ongoing studies which I think should yield some...

No. But if I were building a trading model based fundamental analysis - I probably would. I do however think this kind of data in isolation is flawed for making accurate predictions. Case in point being the markets right now or for the last years for that matter. People who are far smarter...

I actually do have a crystall ball. It's built on data. Sure, there may be times where the outcome seems random, but quite often it gives me a good idea of where price most likely is going. And that sure as hell ain't random. Of course - if you're new to the markets or haven't focused on the...

Guessing where the market is going based on a hunch or how a chart you just pulled up looks like or what Trump just said sure as hell got nothing to do with prediction. That's just careless gambling and guesswork.

What you're really saying is that it's impossible for you to predict the markets. Of course, some markets are probably easier to predict than others. The problem for most people who fail to predict is that they don't have the sufficient data or experience to actually make a valid prediction...

You should test it yourself! :) Without revealing any secrets - I can say that you lack context. I have several signals which in isolation would probably be net losers - yet provide reliable signals when context is added.

I find your comments entertaining, Rickshaw, but I assume they are said half-seriously. This thread was started in 2007 and we all know what happened in 2008. And it's only been a year since the last 20 % correction. We need to differentiate between trading leveraged futures and long-term...

There's a difference between a pullback and a 20% drop. There was a lot of uncertainty last year as well - yet we finished the year with the strongest yearly gain since 2013. Like he's been doing for four years now. The world is still standing, although some of my liberal friends thought the...

You're correct and my bad - I should have clarified that I usually look at the US equities RTH session from 09:30-16:00 which would be the same as SPX which I think the original call was for. What happened overnight was basically a mini black swan, i.e., an unpredictable event, and something I...

Well, you've been bearish for quite a while now... What's different now? On the 3rd of December: Then, the market trades 187,00 points higher from the low on the 3rd of December to the current high the 2nd of January. And from there, the market got ample opportunities and excuses to sell...