IF ES trades above 1378 before Thanksgiving I will leave ET for a week!

iceman1

iceman1

I believe ES is poised to correct. But I take my hat off to those that stay long at this level. Of course having lived through the 80s, and then the 90s bubble I have learned to never say never to any scenario so perhaps it trades to 1400. :eek:

I just believe the better trade on ES at this juncture is to the downside. Famous last words of many the past months, eh?!!

Comments?
 
Quote from iceman1:

I believe ES is poised to correct. But I take my hat off to those that stay long at this level. Of course having lived through the 80s, and then the 90s bubble I have learned to never say never to any scenario so perhaps it trades to 1400. :eek:

I just believe the better trade on ES at this juncture is to the downside. Famous last words of many the past months, eh?!!

Comments?
More...
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Ice;

Yes ,its correcting premarket all ready, short looks better than long, first 2 days of OCT nice polar bear move.

And OCT, especially very late OCT-JAN tends to be strong long;
especially NasdaQQQ

:cool: Historically, may be a bit early too get much long here , so not, but 4th quarter longs have been kind & profitable in past, especially NasdaQQQ. Wisdom is profitable to direct
 
Quote from murray t turtle:

==============
Ice;

Yes ,its correcting premarket all ready, short looks better than long, first 2 days of OCT nice polar bear move.

And OCT, especially very late OCT-JAN tends to be strong long;
especially NasdaQQQ

:cool: Historically, may be a bit early too get much long here , so not, but 4th quarter longs have been kind & profitable in past, especially NasdaQQQ. Wisdom is profitable to direct
More...

i observed some large dumping of futures near yesterday's close. however being expiry it may take all week for ES top to be firmed but I "think" we have some downside potential from this price. as you note Q4 is the wild card; and the public is just beginning to take notice.

maybe we are going to see BII (bubble# 2)

question is how tradeable is the downside i.e. R/R
 
Quote from iceman1:

i observed some large dumping of futures near yesterday's close. however being expiry it may take all week for ES top to be firmed but I "think" we have some downside potential from this price. as you note Q4 is the wild card; and the public is just beginning to take notice.

maybe we are going to see BII (bubble# 2)

question is how tradeable is the downside i.e. R/R
More...

ice,

looks like limited downside reward as NDX bottom of channel is around 1668 (cash).........im waiting til then as entry....going long unless breaks through :p
 
Quote from iceman1:

I believe ES is poised to correct. But I take my hat off to those that stay long at this level. Of course having lived through the 80s, and then the 90s bubble I have learned to never say never to any scenario so perhaps it trades to 1400. :eek:

I just believe the better trade on ES at this juncture is to the downside. Famous last words of many the past months, eh?!!

Comments?
More...

Well, we traded 1380.25 today so I guess we get another failed top call. I find these threads kind of funny especially after we have traded through about 20 of these thread levels. LOL.
 
Quote from iceman1:

I believe ES is poised to correct. But I take my hat off to those that stay long at this level. Of course having lived through the 80s, and then the 90s bubble I have learned to never say never to any scenario so perhaps it trades to 1400. :eek:

I just believe the better trade on ES at this juncture is to the downside. Famous last words of many the past months, eh?!!

Comments?
More...


go figure! let's see if it can close above 1378 before T-day!
 
Quote from simplyloge:

ice,

looks like limited downside reward as NDX bottom of channel is around 1668 (cash).........im waiting til then as entry....going long unless breaks through :p
More...

anecdotally a tough time to short NAZ in Q4

so maybe "this time will be different"

:)
 
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