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The FED better start lifting some offers here or we're going to see at least 2738 by the Close.

Corrected.

Strong market. However, it's also one of those days where NQ and ES are really not in sync. NQ well below yesterday's HOD and currently oscillating just above green. ES well above yesterday's HOD and up 2 %. Makes you wonder. Tough to see a sustained rally without broad participation, I...

Moment of truth at 2773 and finally 2765,50.

LOL. After being way behind for an entire month, it's a good thing you're once again in the lead. :)

As for news, economics and all that stuff - I gave up making sense of all that a long time ago. At least in relation to my technical read and trading of the market. I first started out day trading in late 2008. Just about when the FED launched their first round of QE. There were a lot of...

I caught a decent piece of that move up. Enough to cover an early loss (also a long) and end the day well in the green. I'm taking that as my cue to join the rest of Norway on Easter Holiday, but will continue watching the market for the rest of the evening. Personally, I think we have set the...

Central banks worldwide have been and continue forcing everyone into stocks as there's no yield anywhere else.

But the actual Open is much stronger. I'll be looking to enter long today. Hopefully on a pullback. Will switch bias on any sign of weakness, but main scenario from here is a strong run up today. EDIT: The outlier/optimistic target on the day would be 2880. Powell speaks at 10:00. Let's see...

And what happened the last time we had worse than expected numbers...? We had a very strong day up. As long as we open above 2750 and hold above 2750 during the first hour or so - I'm very bullish on the day and can easily see 2800/2850 from here. Today's as good a day as any to make a...

Crazy, indeed. And this is why I like to keep my trading technical and divorce my other views/biases/opinion from my actual trading. I just trade my statistical patterns/biases. It remains to see if this is just a strong retrace or if we actually bottomed out already. Personally, I would be a...

You do realize you're quoting a post of mine from Monday, right? :) I haven't made my prediction for today, yet, but basically, on a positive open, i.e., 2740 + or so, I'd be looking for continuation higher today. You're currently in an option position?

With most (?) European markets being closed - I would personally guess that we won't see any strong trends prior to the US Open. We appear to be mostly going sideways now. Even the US session might be muted and choppy today, although I hope and think we can get some action today considering...

I'm not an economist either, but it seems to me that with the dollar still being the world's reserve currency and a safe haven, the FED and the US gets away with this and a lot of other things too like large budget deficits and trade deficit. Particularly since other countries and the ECB tends...

What's everyone's expectations for the day? Here in Norway, the official Easter Holiday starts today with the markets being closed today and also on Monday. I believe other European markets are closed today and on Monday too. London certainly is. I normally have not traded today both because...

Fully agree. Perfect entries, if you can nail them down, really takes care of everything. Even in this environment, you can execute with fairly tight stops if you enter around extremes or on breakouts. And better entries also means more profits. I assume what @Buy1Sell2 means is that he's...

Yes. 25th/26th of August 2015 for instance. If we adjust for volatility being greater than normal - yesterday's pattern wasn't particularly bearish, although I noticed a lot of bears here by yesterday's Close. :)

Overbought on what basis? It seems to me that overbought (and staying overbought) is the default state of this market most of the time. :)

Flat at 2709. + 32,00. May be the low retrace, but not willing to sit through in case it's a deep one. Still think we trade higher from here.

So, did you quit trading or how did you become a 5 % trader...?