ES Topped - DOWN

Retracement complete, will the decline be down to the previous 50% around 3600 , down to 61.8% around 3260 , or lower ?

Timeline, unless there's a Crash, into next year.

 

Do spend a few more decades doing demo trading.

 

why should I do that ?

 

How much are you short?

 

I do trade reversals a lot, but I think for most traders predicting tops and bottoms is dangerous, it’s better to “dance” with the market and enter on 1rst pullback after a reversal otherwise more often than not the following thing happens to them:

44

 

Difficult to predict that far ahead, IMHO. Today will close below 82, though.

Best to just take it day by day, IMO.

 

%%
MAYBE;
not likely ''a crash in to next year'' \markets seldom crash @ all.
Bear market are much more common/2 hours to close \3:00 cash closeCST

 

As predicted. That failure to breakout above 82 was a nice LRS.

 

I day-trade and trades generally only last minutes, sometimes seconds, so I wouldn't go above 100 contracts.

 

Your postings were inconsistent.

Posting #1 is about swing trading.

And you said in this posting that you are a day trader.