ES Has Bottomed

Let's see if this holds...
Getting close in AH... (or is it before hours, since markets haven't opened yet???).

 

We are looking at a 16 pts downgap, so the bottom was obviously not in.

 

If you are looking at ES 06-17 contract how do you get a 16pt downgap? Just to round it down. I have a close 2343 and an opening gap 2337 = 6 points

 

I think he just meant 16 points down so far.

 

-21 points so far, 35 mins before the open...

 

Further confimation here that ES has bottomed. Pricing is currently 2333.50

 

This is a reminder of the call on page 1.

 

Does anyone here ever correctly call bottoms/tops? I can't imagine a strategy that requires you to call bottoms/tops ever working consistently.

 

It's a significant portion of what I do when I trade. I don't necessarily call them out in public, but I look for them and trade them .

 

For example, unless I see an obvious top in a uptrending market, I will continue buying pullbacks etc. and using stops if wrong.