Black Every Day?

China is turning into a greek tragedy. I am long SP futures @1964. There are risks, oil being high on list. China is not doing the right thing. PBC needs to buy US Dollars and sell Yen will stop the slide. Crush the EUR/USD will also work - its going to 1 anyway.

http://www.cnbc.com/2016/01/06/chin...orea-h-bomb-weigh-on-asian-stock-markets.html

 

this is a buying opportunity, especially if it hits 1940

china is all noise, weak bulls are selling

 

Add long 1943.50

 

This has the feel of forced redemption or margin calls.

 

Profit target is dynamic. At the time of this writing it is ES 1988 ish or SPX 1992 ish

Those are typical targets when I enter an ES trade, ~+20 on the first, ~+50 on the second. But of course things can play out much differently if the model converges to a divergent underlying.

 

This has the feel of going out on the lows, which doesn't bode well for tomorrow.

 

Do you ever use stops?

 

No. One more add at about 1904 ish.'

Then, may my model vaya con Dios.

 

I stopped out today and was expecting an immediate rally, but instead it seems like a genius stop.

 

There are some very scary currents on the very long term scales that are spooking the markets. We are definitely on a pivot from which there is no return.

However, the model sees this, and says the fear while warranted still has "FV" higher from here.

Here is a clue. The only thing that can save this market now is tech.