Gotta love ZERO RISK in the SP500 = $$$

[schizo]

Yeah we still are. What a pump today. I’m telling you it’s near impossible to bring this market down. It always gets the bounce. You can say goodbye to this fake downtrend.

Well, first of all, job well done by the bulls today. But considering that we're at a critical point in time where a bounce is kinda overdue, was this really that surprising? No. Just look at the chart below. Today's candle doesn't look all that impressive compared to the previous 2 red candles.

Moreover, we're still in a downtrend. We haven't yet crossed above that downtrend line. Until we cross back above it (and preferably over the previous rally high at 5120), the risk of another reversal still looms large. So let's wait and see before jumping to premature conclusions. Anyway, good trading y'all.

 

[v-shape-0DTE]

4/5 green days last week and 3/5 this week. So 7/10 green days. That's some answer after that 1 random red week.

Insane failure at the weekly level. The bears needed and almost had last week's candle engulfed, but of course it couldn't stay down and now we finish the week with a green candle again.

 

[nitrene]

It looks to like the downtrend is over unless there is another hot NFP report with higher wages to go along with it. This market is ruled by big tech and they came in pretty good. NVDA is the only one left and they will probably do okay as well.

 

[v-shape-0DTE]

It looks to like the downtrend is over unless there is another hot NFP report with higher wages to go along with it. This market is ruled by big tech and they came in pretty good. NVDA is the only one left and they will probably do okay as well.

NVDA will be over 1K after there earnings. Really nothing that can stop that force.

 

[v-shape-0DTE]

Going Back to ATH! Told you all this can never stay down. What a pump on Jobs report. Goodbye to any silly bearish predictions/downtrend. It will never work in this market. Yeah you had the 1 red week, but that is history and now we are back to going UP and UP which is what this market will always do.

 

[Picaso]

Going Back to ATH! Told you all this can never stay down. What a pump on Jobs report. Goodbye to any silly bearish predictions/downtrend. It will never work in this market. Yeah you had the 1 red week, but that is history and now we are back to going UP and UP which is what this market will always do.

I really hope - no irony here - that you're making hay while the sun is shining.

Nothing (good or bad) lasts forever.

 

[SunTrader]

Pumping and dumping ... words of the clueless who strive to sound intelligent.

What, not who or why, is what matters.

 

[tfp]

SP500 Trading With Multi-timeframe Avionics

Been awhile, but getting back to some math that reveals support/resistance inflection zones.

• Cool things can be seen by superimposing a 5min chart on top of a 133tick chart.
• Algos detect inflection points to confirm or reject HFT S/R levels along the way.

Very impressive launch pad this morning on growing unemployment print bringing out the interest rate reduction bulls - only time will tell if it lasts - still a long way to November...

Bulls hit their mark, followed by some nice profit taking.

London Market Close window (approaching 11:30ET) saw more buyers.
New highs not necessarily expected with this move, but it's a nice scalp.

 

[hajimow]

Time : 1:18 ET on Friday and ES is at 5157. I feel ES will ease as we get to the close. Too much up in a short few days. People love to sell and sit on cash and reassess their investment on Monday?

 

[v-shape-0DTE]

Pumping and dumping ... words of the clueless who strive to sound intelligent.

What, not who or why, is what matters.

There's no dump. It is making the V from that drop we saw 2 weeks ago and setting this to get even higher. This easily gets to 440 and then it will be right back to ATH as usual. Not even a month later. LMFAO. That's your risk free forever bull market. Even when you get a rare pullback it is brought right back to the top so damn fast. When this gets to new ATH, it can easily get to 460.

The fake downtrend completely broken, the VIX crushed again. You had all the wasted energy that couldn't bring the market down for more than a short time. So what on earth is going to get this to go lower?