The S&P has topped

[trdes]

We closed both gaps from Apr 24-25th, I expect a bounce in the next 5 points...

decent bounce depending on entry, did you take a trade ?

 

[Pekelo]

decent bounce depending on entry, did you take a trade ?

I am expecting a 15-20 pts bounce, based on the daily chart. I hope everyone recognized the SDD chart pattern today, described by me 9 years ago in its thread. The relevant part for tomorrow:

The next day play after an SDD is to go long right at the close. There is almost always an overnight upgap that goes higher after the open and reverses at 10 am, falling into 10:30. After that it can go either way.

 

[volente_00]

but I am interested to know did you trade it? thats all that counts, I had 58 and it bounced 8.5 points off of it but too chicken to buy, so doesn't really count.

I'm out of my daytrade shorts for the session but still holding my long swing trade from 2386 for the trump dump

 

[trdes]

I'm out of my daytrade shorts for the session but still holding my long swing trade from 2386 for the trump dump

nice, got it.

 

[volente_00]

We closed both gaps from Apr 24-25th, I expect a bounce in the next 5 points...

And the 2160 spx gap below ?

 

[Pekelo]

And the 2160 spx gap below ?

When they impeach Mango Mussolini...

 

[recession2016]

Lol @ these turds trying to catch a falling knife. Some idiot in this thread was saying the market looks very bullish on all charts. That was yesterday

 

[S2007S]

Nasty close.....

Tomorrow everything will be bright and sunny again...however if by some odd crazy ludacris chance, which I see less than 0.25% chance of this happening, Trump gets impeached, you will literally see the market collapse.....easy 2000+ points right off the top and back below 18,000!!!!!

But don't worry it's not happening!!

 

[S2007S]

Even though i missed this chance on the ES im not too upset, cause i know i will more than make up for it shorting UVXY, or TVIX at the appropriate time, those 2 are the best way to play the bottom when the ES makes a big move down, as they naturally deteriorate over time.

Can you short TVIX???

That is free money...its like a printing press...just hands you free money if you can short it.

 

[Max E.]

Can you short TVIX???

That is free money...its like a printing press...just hands you free money if you can short it.

Yep, got to pick your spots though id give it atleast a couple more days to go up before you start in on it, UVXY is better but harder to find shares of that one.