Youre calling a bear market in the absence of a bear market. Id say pride, not patience, will soon reward you by relieving you of all your cash.
Bear market action continues here in the afterhours. I like what I am seeing. Staying short for now. ----Talk to you soon---
Pullback to 2779 down to 2772 would be fine and imo market is bullish above those levels. Not predicting such a pullback will happen. Only stating that so long as those levels hold in the case of a pullback, then the market will be moving higher before any bear shows itself. Again, imo.
Continue long here, 2792.00. Want a stop? 2784.00. As and if a uptrend will stay in motion 2803 my first anticipated target, and some 2810.
I don't use NQ that way, so I wouldn't know. In fact, I don't use data outside RTH. But my weekly prediction is playing out as expected, so expecting the third positive consecutive close today (Wednesday).
Nothing has changed ... ES above 2772 means bull swing still more likely on than not ... would not be surprised by a stop hunt below 2785 early before rally resumes. A gap down to 83 -85 that is bought would be the most bullish scenario, imo.
Took a just a bit longer than expected, but expected nonetheless. ES is at 2805.25, but somewhere around 2807.5 would be an ideal "top" for a decent pullback. If it doesn't stop there, then the 2813, 2820, 2850, 2870's are still above and viable targets, imo. Whether pullback or not, NQ targets 7298 and 7353 "technical analysis turns the market into an endless stream of opportunities to enrich oneself" - Mark Douglas