SP500 - High Probability predictions for 2016

Don't like any of the proposed bets.

#1 I want personal gains, not games or cute bets.

#2 Considering the nature of my call, I want better odds ie not 1:1 or near 1:1

#3 I'm sticking to my prediction, regardless of this week's activity. In fact, I initiated my long today in the early morning as planned and posted.
 
schizo said:
My hunch is that once we penetrate below 1945, we swoon down to 1900. We'll then bounce and retest the 1945 area again before heading lower. Only time will tell, I guess. Anyway, good trading y'all.
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Looking back, I think this was a good call. Unfortunately, my trading never heeded my own call. :banghead:
 
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Am thinking SPX will bounce at around 1880, but 1900 works too. Should happen early this coming week, maybe even Monday's open. That is a major TL support, of course. Rally might run up to 2000-2040.

Without some strong closes below 1900 the bull is still alive.

schizo said:
Looking back, I think this was a good call. Unfortunately, my trading never heeded my own call. :banghead:
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schizo said:
Well, even though I have my opinions about market direction, I'm merely a day trader. All my trades have been openly posted here for everyone to see. So there's nothing to be coy about that.

Be that as it may, if you don't mind me sharing my otherwise worthless 2-cents, here's what I see for 2016.

1) We will see 1900 as the low for ES in the month of January. That's only slightly more than 100 points from where we are now, so no big deal.
2) In the latter half of 2016, we will see ES trading below the low trendline drawn on your chart.
3) By the end of the year, we will be in a full recession (defined as 20% decline).
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First target 1500-1600 SPX then if that doesn't hold 1100s IMO. Im also a day trader so idc
 
Will be buying NQ futures Sunday night, expecting a furious up-kick this week, should be quite lucrative for a swing, will also short QQQ puts Monday morning. If the week consolidates instead of the expected upside, it's a hold.

Time to show these ET noobs the knowledge I possess!

Knife.Catching.jpg
 
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I will be looking for a white candle daily close on SPX to start scaling into SOXL (will feel more confident if it is breached to upside the next day). Might go long a tiny bit with some kind of intra-day bottom on Monday, such as a 2-hour hammer that gets breached to the upside.
 
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