Yes every day we all predict . But many people have the fallacy of predicting out many days or the next day. Like yesterday we heard many 2700 or 2650 predictions because of the bad close and after hrs . That clouds your mind for trading.
So to summarize: - most traders fail because they trade their opinion instead of using technical analysis - learn to fish instead of depending on others fishing for you Also in the news today - shockingly water is wet! Are you capable of posting constructive posts that don't have a negative connotation? Starting to wonder...
Long 07.50 chasing a bit, didn't get filled 3 [Edit: 2] points lower Stopped out -1 Wow, choppy opening
I'd lean more towards scenario 1. Hard shakeout of longs before continuing higher on the day. EDIT: Let's see if we take out yesterday's lows on the cash index, possibly causing some follow-through or rather some artistic stop running.
You guys are gonna be trying to predict the algy's today. I think the whales' super-computers are in the trench warfare mode at the present. In the absence of any bs headline news... its gonna be a tight range. Chop chop. Don't get chopped up. A good day to be a Schizo style trader. Just grab a few points. Where's Mr. Magoo? He should be touting a new long position. Perhaps he's wised up a bit.
Thanks for the pointer. I think B1 is busy drinking bleach while he gets some UVs Just kidding, stay safe B1!
Wow. What a fight down here. Currently putting in a double bottom with yesterday's RTH LOD. Trying hard to find a bottom here, but it looks heavy...
Looks like the bulls won this one. I think we're done below for today. Need to clear out 2798 first. NQ almost back to HOD.