Vote: Who thinks S&P500 will reverse trend in the next 10 days (2 weeks)?
- Thread starter schizo
- Start date
Even if you end up being right, I don't think you realize what your'e in for. This market is going to be incredible choppy and they will throw a million mini V's at you.
This is a unique situation as I still believe the market is unstoppable and magically goes up again, yet the technicals show the gap should be filled to QQQ 426.
Thats what none of these traders talk about . Last week some of these traders were bearish we fell a little and skied to new highs knocking short positions out . Were in a bull mkt and instead of probing tops looking for a little chop they should be trading the long side on dips . Much easier. In a bull like this bearish traders never talk about all the v spikes that make them cover even though we might eventually fall further .
Look, for there to be a V spike, there has to be a down leg first. Anyway, this thread wasn't created to predict micro dips and subsequent short squeezes. It's about the BIG picture, and the reversal that I believe will come.
No need for me to regurgitate, but I explicitly said 2 weeks (10 trading days). As of this post, we're only in our 4th day.
Ok but the bullshit of your post is after you started this thread it’s was obviously on a down day . The next day we rocketed to new all time highs . Anyone who was short and I suspect it was you was forced to cover . One min your trading 20 in and puts a day and another min your a short and holder . Can’t be both . I suspect your a tick trader who spends 10’s of thousands on commissions and gets jiggled left and right .
Geezus, get a grip on yourself.
BTW nobody here have posted more live trades than me, so your accusation is pretty laughable.
40% done and it all comes down to tomorrow and the CPI report for this prediction. Not a surprise to see a doji the day before an announcement. Today was never going to drill.
The other bad news for you is today is a waste of a red day. 3 in a row and wether you believe it or not, there has to be at least 1 if not 2+ green days this week. Tomorrow has to be a 1-2% red day for you.
Honestly, if a trader had to choose one single strategy it would be to buy the dip. Works great in bull markets and bear markets. An expert trader could sell and reverse at the rallies, too, but that requires expertise - especially in a bull phase.
With some skill, the only day you'll ever get crushed as a dip buyer is on the trend day down which is only about 5 % of all market days anyway.
I’ve been full time trading almost longer than anyone on all elite trader . Since using the rabbit ear antenna to get esignal quotes in the 80’s to now . From trading the Iraq invasion of Kuwait to being at my trading desk the second of 9/11 amd getting shorts off before the trading halt . I’ve also known 100’s of traders personally. Maybe 2 are still around . The main reason 98% of the time is traders are inherently bearish . They can’t help it . Like the last 6 months . Traders see NVDA go to the moon . They say “ it can’t keep going it’s going to crash” . It did deep going . But most traders try to short it or the mkt eventually getting wiped out . Look no further than a bull and bear mkt . During bear mkts we bounce 1000 times . During bull mkts we go weeks and sometimes months with very little pull backs . The motto is for most traders is forget wasting your mind on finding shorts and only trade long even in bear mkts . It’s much easier .
Yes, yes, yes.
I think by nature most traders are contrarians and surprisingly often have a bearish sentiment. I know I was a bit of a bear when I first started out, but I've since reformed and I'm now starting to feel like a perma-bull instead.
I trade 100 % technically/statistically with zero regards for where I think the market should go based on "fundamentals", political views/concerns or stuff like that. What's why I had zero issues seeing and trading the rally that materialized by the end of last year where so many were screaming out: "This has gone too far. It has to correct here. Or here. Or here."
No, it doesn't.
The market's gonna go where the market's gonna go. And most often that's up in the US indices.