The S&P 500 will top next at

[Pekelo]

What's your time frame on this? (He says eyeing his MU holdings)

By the end of the day of the 2nd (or in today's case 3rd) gap. Mind you, today was less guaranteed because we already had an extra day between the first gap and today's 3rd. The more days are between the gaps the less likely that it would close on the same day...

 

[Pekelo]

I say we go up to 2470-75 in the next 2 days to try to close the gap where we turn back to further down...

Done...

And that gap also has been closed.... So we are ready to fall, no downgap left behind...

 

[noddyboy]

Done...

And that gap also has been closed.... So we are ready to fall, no downgap left behind...

Good one!

 

[volente_00]

Shorted 2472.75
Stop 2476.75

Objectives are

2365.5
2452.5
2442.5

Reduced 2463.5

Stop trailed to 2472

 

[noddyboy]

No stops equals unchecked ego and blown up account

Also you severely limit your profits because you can't define r:r without a stop and profit target on every trade

I suppose one could trade stopless if you are not leveraged and add to losers to reduce basis but eventually you will get hung up. Go follow EMG in chit chat. I think he is still hung short at like 2170's from this style of trading.

Do you get stopped out in the after-hours?

 

[volente_00]

Do you get stopped out in the after-hours?

Are you asking if stops still work in ah?


I excel in ah, second best is cash open to 12 est. I'm most likely to be stopped from 12 to 4 pm est.

 

[noddyboy]

Are you asking if stops still work in ah?


I excel in ah, second best is cash open to 12 est. I'm most likely to be stopped from 12 to 4 pm est.

I stopped trading AH as I need my sleep.

 

[Pekelo]

And that gap also has been closed.... So we are ready to fall, no downgap left behind...

Ain't you guys happy to be the subscribers of Pekelo's Prediction Service for free?

 

[volente_00]

Shorted 2472.75
Stop 2476.75

Objectives are

2365.5
2452.5
2442.5

Flat 2452.5

 

[volente_00]

Should have been more patient