Mkt Trying to Make a Bottom Since About 10:30 Last Night....

[johnny_steel]

You never know the "big picture" except in hind sight.... when the horse is already out the barn.

Big reward for catching the turn. Lots of losses for trying too early, also.

Any rally will be will be short lived. Scalp like a camanche indian and move on. Buying and holding here is extremely dangerous.

 

[notagain]

Head and Shoulders one toke over the line. Ukraine is in deep trouble.

 

[Bugsy]

We'll see if they can make 4100 stick.

We broke a pretty major support. I think probability wise we are headed down a bit further.

 

[Scataphagos]

We broke a pretty major support. I think probability wise we are headed down a bit further.

Could well be... but market has defended 4100 for now.

 

[Bugsy]

Could well be... but market has defended 4100 for now.

That's because it is going to go back and retest the 4200 support, but I dont see anything to inspire markets to break back above. Consumer confidence, inflation, war, supply chain, gas, food prices.

 

[KGTrader4]

Any and all rallies will be short lived. The federal reserve is in a bunch of trouble.

agree 100%

 

[Nine_Ender]

Maybe a very short term bottom at best. Long term very low probability these are the lows. Just my opinion based on 22 years of Daily chart data. Good luck trading today.

A bunch of you are complete drama queens these days.

 

[Buy1Sell2]

Any rally will be will be short lived. Scalp like a camanche indian and move on. Buying and holding here is extremely dangerous.

Probably time for you to look up what scalping actually is in the markets. It's not what most think it is.

 

[Concinnity]

Any "possible short term bottom" won't be recognized as "long term bottom" until waaaay late.. and will effectively be worthless info for trading. IOW... "a bottom is a bottom"... play it and see where it goes.

I don't completely agree or disagree fully. I mean late January was an example. Got a buy signal on Daily chart ES/NQ and ES actually made it up to Daily resistance after closing above a minimal benchmark level.

Here we have no buy signal or NQ/ES yet and ES is still like 185 points from even touching it's minimal level to show any serious buying interest interest (4378).

So in short January pop had potential and probability and produced decently. There is no buy signal here... so it's likely just a short cover rally.

 

[Concinnity]

A bunch of you are complete drama queens these days.

Still coming at me despite me trying to be cordial. FYI nice deleting your comment about me being a perma bear after I posted two quotes that showed you we're 100% wrong.