Discord turns into a trading room. Lots of noise, constant monitoring, anyone can randomly bark into your ear. Back in the day I did a IRQ trading room. It was like I was trading with multiple personality disorder. Never again. Some of us are highly focused and working. The markets are a constant stream of information, some relevant some not. Last thing I personally need is another "feed" to filter.
This showed up in my twitter feed this evening and I don't follow this account so I don't know how much credit or credence to give it, but I thought this was something you guys would find interesting. It fits in with the VZ hypothesis that the market is rallying and signaling a Harris election victory. This apparently signals that the rally won't be stopping after the election.
If that's what it takes to stop that 80 year old crazy kid away from the White House, I'm all for it. Anyway, this is a scenario of "what if": what if the past really repeats itself. No big deal though. We would only be going back to where we were just 2 weeks ago.
There are still 2 more trading days left, so basically speculating what would happen if we were to drop by the same magnitude as in the past that I've drawn. Yeah, I know, idiotic proposition. Plus bears are pussies. Ain't gonna happen.
Not sure how you trade, but I think we may trade quite the same even though you have a lot more time and you scale into trades. We both aim for larger moves (not scalps) like 50+ pts type moves. All of this was to say I agree but I am not sure how you see or if you have thought of what you feel on these moves(retracements/reversal). Also I guess it is important to understand the basis of your trading. Although we probably have similar styles of trading we may or may not have differing ways of seeing the market(Price action, momentum factor, statistics, etc.). I think confirmation is probably more important at these levels. How profit taking happens at this level, the market impact, the bid/ask. I guess this is really just the feeling you were describing. Yeah I am just talking a lot now, but it is interesting talking with others about these ideas.