And right back down . I’ve been trading as long full time as anyone on elite trader . I’ve personally never seen anyone trade futures in out like you and make money over time . If you truely make money then my hats off to you as you’re as rare as seeing Bigfoot in the wild . Lol
Yup, I'm that rare breed you've only heard about in stories. Epic is my middle name. Have a good weekend.
Seems like the entire world was trying to pick a bottom this week with a few exceptions. I guess that's a natural consequence of the euphoric bull market we've had lately, but something possibly changed this week and at this point it's wise to consider the fact that we may have started a correction which will continue in the coming weeks. I don't know the why, but I imagine uncertainty around the presidential election may be part of it. We had a mild correction in the start of April down - 6.85 %. From current levels, that takes ES down to 5320. Another 220 points from here. If we get a larger correction, say 10 %, that takes ES to 5150. The point of this exercise isn't necessarily a prediction, but priming the mind for the possibillity that the party's over for now and gaining more confidence playing the short side. Let's see what next week brings.
Every single rally attempt failed. Today was a mess of a day. One I regret partaking in. That 468 QQQ gap is going to happen. Hopefully it can rally back to 480-482 first. This might shock some people, but I'm starting to lose some of my bullishness. There will soon be that guaranteed 10-12 pt bounce, but if that fades and it goes lower (unlike April) where there's no direct V, the market might be in for some tougher times.
It's been a hell of a run. Maybe fall came early this year. Or maybe it runs back up next week. That's anyone's guess at this point.
Whereas I could care less so long as markets continue to move daily - I think you can rest assured most volatility is arriving due to: 1) The reality that we'll likely see Trump back in office (which brings all sorts of possible variables) and... 2) It's still all about the Fed and their decisions on rates / verbiage otherwise. Volatility is a good thing for traders.
Current bull market's been pretty easy to navigate, though. More like a set-it-and-forget-it type of market.
Agreed. Only difficult for the perma-bear crowd that can't get passed themselves and just accept the price action for what it is.