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Aha. Well, that's news to me. :) I do remember mentions of Amex though. Options, I think?

Damn - this market is weak. Barely able to close green today. + 0,23 %. Today was an expected consolidation, but I had imagined we'd see a bit more upside today. In the last 3 weeks, we made the Week Low on Friday 2/3 times. Wouldn't surprise me to see the same for tomorrow.

Does that V go all the way up to the ATH? I do agree that it's increasingly risky to short and for me it does not really matter either way as a day trader, but I'm not so sure we'll see a strong and fast recovery. It did happen in early 2019, but then the markets were down 'only' 20 % and I...

You know markets have been volatile when an 80 point range is chop on the ES.

Strong support sone here at 2375. Should hold if we are to make another leg higher on the day, IMO. NQ is a bit stronger today too. Still, getting the hunch that this could roll over from here. Not trading on hunches though.

The market dropped 8 % below your prior bottom call. Anyone buying your prior bottom would currently be in the red.

Probably taking a 'breather' today. After all, we're already down 16 % on the week from Friday's Close to yesterday's low. First, we need to take out yesterday's HOD at 2442,25. If we do that, I don't see why we can't print 2480 or 2500 today. Of course, there's always the chance we can...

Is that confirmed? I recall at least one other saying the same thing. I don't recall Inside Skinny. It's been a while... I thought he made most of his money day trading the pit traded S&P futures.

In his autobiography, he pretty much said he was losing money for 10 years until he got his act together. I'm sure it was a bit more than just moving averages in play.

You do know we have sold off over 30 % from the top, right?

Yes. The only thing which is certain is that we just broke a KEY level on higher timeframes. No bottom in sight as far as I'm concerned. I got my sights on 2000 now. As incredible as it seems, we only need one more day like this for that to happen.

Complete meltdown here. 2nd - 10 % day in ONE week. Absolutely nuts. The 2nd circuit breaker does not seem that far away at this rate. Current low is 2265,75, @Banjo.

To the tick 2353. Normally a quite decent buy signal, but I didn't take it due to my bearish bias. Resistance at 2395. Would need to take out that with some momentum in order to convince me we're done below for the day. Quite the battle down here...

No. Just postponing the inevitable. We're going limit down. Gotta give it to you, B1S2. You're ever the optimist. :D

Buyers need to step up at 2370 or finally 2353. If not - we're going limit down at 2342,50.

Downward channel here from the HOD. Could very well breakout higher from here also. Too uncertain for me right now, so only watching this...

Proprietary level. It's not drawn, but calculated. If anyone wants to take a guess and am right, I will confirm it. If not, I will keep this one in my quiver to myself. :)

As long as 2442 holds.

The final test is in play right now, IMO.

I think we can trade as high as 2442 on this leg up. Should top out there if we are to roll over today. IMO.