Poll:How many points up or down will the dow close on Monday

[Businessman]

Change my vote to 0 to +500.

Yeah, if Israel doesnt look likes it is going bomb Iran directly, good chance of a green close.

 

[Arnie]

You don't think this was already baked in?
I pray we get a knee jerk sell-off. Might be a good day for 0DTE SPX options.

 

[SunTrader]

Agree, my prefered SIF is NQ. But i do know some part time hobby traders who trade the YM, which is liquid enough to be tradeable.

Actually i never think in percentages myself. I always think in ATR, which is point moves.

The only time i have to think in percentages is when volatility gets wild, have to know where the circuit breakers kick in, limit moves are set at percentage points.

Like I said ... traders do.

A 5 point move in the eMini is nothing. A 5% move is big.

 

[Businessman]

Like I said ... traders do.

Percentages moves are rarely mentioned by most traders, just look at ET, it is all absolute price levels on the chart. Some talk about fib retracements but thats about it.

 

[Laissez Faire]

SPX Monday:

Just looking at the technicals, I have a 70 % chance of a green close on Monday. A smaller gap (+/- 15-20 in this volatility) up or down should indicate a good long around the opening period after the initial zig zagging have settled.

I would fade a larger gap up for a gap fill (but probably still a green close) and with a larger gap down below Friday's range I would think continuation lower.

Overall, for the week ahead, the chances of continuation lower appears to be pretty good with slim chances of taking out the prior week high.

 

[SunTrader]

Percentages moves are rarely mentioned by most traders, just look at ET, it is all absolute price levels on the chart. Some talk about fib retracements but thats about it.

Most here on ET are not traders, true traders. You fit that bill.

 

[Zwaen]

TA35 +0.27%

 

[howruhowruong]

SPX Monday:

Just looking at the technicals, I have a 70 % chance of a green close on Monday. A smaller gap (+/- 15-20 in this volatility) up or down should indicate a good long around the opening period after the initial zig zagging have settled.

I would fade a larger gap up for a gap fill (but probably still a green close) and with a larger gap down below Friday's range I would think continuation lower.

Overall, for the week ahead, the chances of continuation lower appears to be pretty good with slim chances of taking out the prior week high.

Have you tested it on historical data?

 

[Laissez Faire]

Have you tested it on historical data?

Yes.

This is just technical, though. With the backdrop of what's going on in the ME, I can't say I'm very bullish short term.

 

[rb7]

.... to the non-trading public.

Traders care about the S&P and Naz 100, but most importantly, in percentages.

In percentage???
Who think about percentage, certainly not traders...
Traders make money off of points, not percentage.