2565-2625 with 2600 acting as resistance. I will see how we trade at 2548 before considering short at that level. Good weekend to all
Just trying to be helpfull with a little fib analysis. I am not sure what point you are trying to make here.
The language, bickering and negativity going on in this thread (and the prior one) is completely unacceptable, but maybe this is to be expected on a public forum? I probably won't bother, but I'm considering starting a private channel/group for those interested in seriously (day) trading ES and the other US stock indices. If this happens, there will be zero tolerance for negativity and flaming other participants. I would also expect people to act in a way that would not provoke other people in the first place. Any interest? Leave a comment or send a private message.
Thank You Laizzez for taking a stand. My idea of ET is a bunch of guys & gals interested in the markets sitting around as friends talking about the trading day and their ideas. I think ET has now takes on a new meaning "Extra Testosterone" (Sorry Xela even though they chased you out a while back) I dunno but I am considering just backing off for a while maybe forever. I was even considering a Crude Oil Journal but now I ask myself "Why Bother".
Looking ahead to the coming weeks on a swing basis: 2550-2580 is where I'm looking for a potential turn on the dailies. If we rotate down from there I'd expect Dec lows to hold. Longer term I think the key test will be the 2650 area in the next few months, to try for the lower high to launch the next leg down - that would be the place to really extend shorts if you're playing for a bear market. If it holds we could see 2100s by late summer, with sector / company-level bear market themes clearly playing out.
Yeah, Laissez Faire and Illini would benefit from non-public calls. Mostaccioli and Polenta should love that as well. Ask yourselves why it will never happen/last. It won't last a month bc you're desperate for the attention that you rail against.
Hey B1S2, it should not be too difficult to produce your run. You know, the one with the spectacular profits. Here's Friday from my long 2449 call and short index and SN vola:
Looking at the big picture - 10 year bull run..a 2-3 year bear (consolidation) should favor the odds..and a 50% retrace from 2009-18 low to high is 1800 or just near the 2015-16 lows..will be fun to see it play out !