Clarification if you would---- How long term a top are we talking about and will it make that top just after Fed announcement and sell off into the close?OK, time for another prediction:
This one is based on the NDX because the 2 indeces are showing a bit different pictures. Tomorrow the NDX will make a new top at 5420, because there is a dragon formation present and that is the level what the math gives (5360+60), not to mention the upper BB on the daily...That should be the very top of this run, dragons are at the very tops or bottoms.
Well, prediction has been made, now let's get my popcorn, just sit back and wait...
The S&P has topped
- Thread starter volente_00
- Start date
Yes I expect the bigger part of the move AFTER the Fed's decission. Now how long would that last? It could be just a quick spike up and we actually end the day in red, or it might take the next 1-2 days when it turns South. The point is that if you are long, sell it at the upward move, be whenever it will be, because that should be the top.
But how long is the top good for?
Until marketsurfer enters a short! Silly question! Any others newbie!?
Come on man, you are pushing it. I don't know how it will exactly play out, I might be wrong on the whole thing. But if we are rallying after the Feds, 5420 on the NDX is in play. You can use the NDX as your signal and still play the ES...
I mean, how long does it take for you to reverse a position? 10 seconds if you are a slow typer?
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Its strange, real strange, how some stupid Senators are talking tariffs, just like stupid Smoot- Hawly a 1929/+, bear downtrend trigger.However, for example, in trading SPY or QQQ, they can + have diverged greatly. Forgot the year, but any can look it up in Stock Traders Almanac. One year NasdaQQQwent down -11/+ and SPY was up about 2 or 3 % plus dividends. SPY look$ like its still up--trending/ bull market......................................................................[+/ means it is approximate, not an exact number]
Funny LOL; +he may not be a newbie.LOL