A lot of year left and three whole months until the election. I read an old Yale Hirsch piece on the election cycle and it doesn't seem that the market can't have a nice little shakeout on its way to new all time highs. Also the market is still well ahead of its 4th year average gain. The third year of the cycle historically has had the largest gains. Here is an interesting set of charts I found on stockcharts.com Presidential Cycles | Historical Chart Gallery | StockCharts.com
Just got lucky is all. Could have gone the other way, too. Locking in 60 here. New opportunities on the Open. Too early to tell, but I see the potential of rallying all the way back to 5370 today. PS: I see my average is 16.50. I added a few and as such raised my average slightly.
Here are some NQ daily chart observations. Stop hunters, if they do exist, have been doing well. One of these days, one of these previous highs or previous lows will break, and the reversal won't come. That, I feel, will be the real tell. A daily close above 18500 would be a tell. A daily close below 17374 would be a tell. For now, it is a buy low, sell high market.
The 100 handle hashing back and forth is what is done to shake people out of their positions before a push. (Higher usually). the reason I say higher, it’s a positively sloped curve and with inflation the Spooz are engineered to go up over the long term. That’s why passive investing works.
I beg to disagree: it's the easiest (and fastest) way to make money... The problem is that it's also the easiest (and fastest) way to lose money
Will trail myself out of the baby long at 70. Probably still looking to re-enter long. Let's see what the market does... A very different pace from yesterday's frantic back and forth on the Open which ultimately sold. Seems very controlled. Bullish?