Any ideas where ES will go tomorrow? We are currently at 1880. Most CNBC people say we go down. Agree or disagree? I guess i will wait for news overnight.
Plans for tomorrow
- Thread starter EliteTraderNYC
- Start date
CNBC consensus is usually a contrarian indicator isn't it?
3 big down days in a row is a record. Odds are it won't go to a fourth.
3 big down days in a row is a record. Odds are it won't go to a fourth.
The future is gambling...it's anybody's guess 
We're all Right and Wrong at the current moment (and even in hindsight retrospect)...as weird as that may sound.
What's important is you're not purely speculating on direction...but have a strategy regardless of current conditions. and execute well.
We're all Right and Wrong at the current moment (and even in hindsight retrospect)...as weird as that may sound.
What's important is you're not purely speculating on direction...but have a strategy regardless of current conditions. and execute well.
Last edited:
Many see the surge in the vix to heights we haven't seen in years as a sign of worse things to come, however there will be short term buying opportunities along with short term rallies but the long term view in my opinion is down.
Maybe rangy above 1860 and 1950 for tomorrow?
bounced above 1860 support.
Again, China stock is down big. -4.75% right now. Other marcket to follow?
Yes. Nikkei, Hang Seng, Korea, and Taiwan. Bloomberg Asian indexes in google search if you don't have data.
Several key areas in various main instruments were tested today, typically first tests of these confluential areas tend to provide support or in some cases just a dead cat bounce, but nevertheless some form of reaction is expected.
Whether these key areas react and hold or simply react and then fail or re-test for typical double bottoms or 2Bs, time will tell, should failures occur there are more key areas lower that were created by the half a decade long bull market.
Proceed with caution if a noob, majority of readers in ET, otherwise, enjoy the volatility and have a ball.
Asian markets are up now, rebounding.