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"w bottom" target is +30points if /ES oHOD goes.. 2640ish fwiw.. "still an inside day for the SPX"
fwiw .. highly speculative (aka view at your own risk ) .. but not uncommon.. after huge moves .. triangles.. drives bears and bull insanes.. max pain "possibly" what I'm lookin for.. triangle short covering today for the weekend.. then choppy (next week) down mid next week as China's market close or up.. to take them offside (when closed)… 30m /ES Triangle.. continuation down .. or up and morh into a even larger bear flag during China Holidays 5 days closed markets, perfect for max pain.
fwiw.. we so far have lost about 50% of 2017 gains, off SPX and 5.3 Trillion dollars off world markets, and all world markets are -10% in correction modes
hello all, its been a few years since i traded...the regular wise sages still here, glad to see that
Can anyone check to see friday market behavior after a big down week?
My gut feeling is closing near open, (relatively speaking after this crazy week range....no backtesting yet, quick eye scan last 12 months suggests a more reasonable range trading day
Also, 60 minute bullish technical divergence, momentum etc on QQQ
and also SPY,
but no new lows for dow or russell...hmmm
Last edited by tim-follows on Fri Feb 09, 2018 11:00 am, edited 1 time in total.
"w bottom" target is +30points if /ES oHOD goes.. 2640ish fwiw.. "still an inside day for the SPX"
fwiw .. highly speculative (aka view at your own risk ) .. but not uncommon.. after huge moves .. triangles.. drives bears and bull insanes.. max pain "possibly" what I'm lookin for.. triangle short covering today for the weekend.. then choppy (next week) down mid next week as China's market close or up.. to take them offside (when closed)… 30m /ES Triangle.. continuation down .. or up and morh into a even larger bear flag during China Holidays 5 days closed markets, perfect for max pain.
fwiw.. we so far have lost about 50% of 2017 gains, off SPX and 5.3 Trillion dollars off world markets, and all world markets are -10% in correction modes
Fehro, 2640 is not insane bull move, you think so?
Since a Ninja Trader 8 upgrade ate all my indicators I am back to version 7 which means I do have daily range numbers. 10 day average is 61.25 ES points. OR low is 2594 plus 60 is 2656 so clearly 2660 is very possible today.
Gotta see 2630 broken first then move on up to 2690ish by Monday.
Down side, obviously 2580 then bottom at 2565.
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FuturesTrader 71 apologized for his kids on the morning youtube broadcast. 2 foot of snow in Chicago area with schools closed. Bring this up as I am guessing it could be contributing to this mornings lack of action.
"w bottom" target is +30points if /ES oHOD goes.. 2640ish fwiw.. "still an inside day for the SPX"
fwiw .. highly speculative (aka view at your own risk ) .. but not uncommon.. after huge moves .. triangles.. drives bears and bull insanes.. max pain "possibly" what I'm lookin for.. triangle short covering today for the weekend.. then choppy (next week) down mid next week as China's market close or up.. to take them offside (when closed)… 30m /ES Triangle.. continuation down .. or up and morh into a even larger bear flag during China Holidays 5 days closed markets, perfect for max pain.
fwiw.. we so far have lost about 50% of 2017 gains, off SPX and 5.3 Trillion dollars off world markets, and all world markets are -10% in correction modes
Fehro, 2640 is not insane bull move, you think so?
not really Crazy insane target is 2672…. still inside day.. for the upside.. crazy insane downside is 2533 … we still can have HUGE moves
March 26th is the official launch of the PetroYuan. I am assuming China is the worlds largest net consumer of oil, or if not yet it will be soon. This is going to just add to the difficulties trading CL and adding great arbitrage for the big boys. Three futures and three inventory locations if you can charter a tanker.
According to FactSet data, 96 of the S&P 500's components are in a bear market, meaning they are trading at least 20% below their 52-week high.
When it comes to a correction, or a 10% drop from a peak, the results are even more dramatic. Only 88 of the S&P 500's components are not in a correction, meaning more than four-fifths of the index are.
On a sector level, eight of the 11 primary S&P 500 industry groups are in correction territory, led by utilities https://eresearch.fidelity.com/eresearc ... S_SVC&sb=1
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.