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I don't trade based on "cup and handles", so I wouldn't know. Neither do you, it seems.

Nice try. :) If you want to demonstrate the validity of your approach, you tell us plainly with no ifs and buts. Looking at a chart and guessing where price may or may not go is not trading. In directional trading, you actually have to place a trade and manage it (take profits or exit when...

How did this play out? Did you hold through with a 150 point counter move or what? Earlier, you said that "Below last week's low is very weak.", yet it seems like instead of shorting, you kept trying to buy a dip.

If you could have - then why didn't you? You come across just like every other trading author who annotates yesterday's chart with perfect hindsight patterns. Instead, if you want to demonstrate your skills, let us know in advance next time.

Does anyone have the current correlation with BTC and SPX/NDX? Seems like there's a high correlation these days.

Chart based trading generally is subjective and the subject of interpretation of each individual. That's why you can have two users of the same methodology come up with different interpretations of the same information. In fact, their interpretation could be subject to their daily mood and...

It's also amusing how conditioned everyone is to buying the dip by now. I've seen even the most bearish of traders trying to buy the dip and subsequently failing on this current correction. This is the type of market action that will crush newcomers and even intermediate players as it's a new...

Agreed. That's how the stock market tends to behave, i.e., by the time a trend is apparent and people rush in to buy or sell, the market is just about ready to reverse in the opposite direction. I would guess that this correction lower isn't over yet, though, so watching for continuation lower...

F**k. Thanks. I’m one day early this week.

Nice! If you could include time as well, that would be fantastic. I often miss that on those earnings calendar.

Such an optimist. :) I think we print 5K tomorrow. It's also options expiration tomorrow, so wide price swings should not be a surprise. At least early in the session.

Volatile market, so this can happen. Technically, ES reversed off yesterday's Close and NQ actually reversed of mid-range fairly precisely. The tough part in a down market is to hold conviction after these sharp rallies. In my view, the market's in correction mode, so I'm assuming sell the...

The market's got everyone conditioned to buy the dip by now. Even prior bears. I see plenty of people trying.

I have some confidence 5K prints by RTH tomorrow. Ultimately, I still think we're in correction mode and a have a few 100 points left of downside, but I'm not married to that view. Could see some bounces on the way, so that's the tricky part. :)

Volatile! Seems like your stop should have been 98. :)

Stairs down - elevator up?

Personally, I think yesterday's weak RTH session at Monday's Low was the tell. I tend to not weight ETH too much. I see that it rallied pretty strongly pre-market, so that type of strength could seem pretty bullish I suppose.

Could be. A V would be a surprise today, though. This zone (75-80) looks like a good shorting opportunity to me for another leg lower into the Close. But I agree that if we pop above, it likely goes green for the day.

LOL. ET's always been like this. I've grown to like it in a strange and masochistic way. If it has anything to do with money lost I've no idea. I just figure trading tends to attract strange personality types.

Too much technical damage. Lower before higher would be my guess. ES 5K incoming, but probably not today.