Feeling bullish today

Discussion in 'Index Futures' started by sandp500trader, Aug 7, 2018.

  1. I'm going for 20 points up today.
     
  2. maxinger

    maxinger

    You view is very different from mine.
    I presume you already longed or are planning to long heavily.
    who knows, market might go up 20 points.

    see my journal for my view which is SCARY view
    (ie very difficult to trade, very easy to lose money).
     
    Last edited: Aug 7, 2018
  3. That's cool. One will be right, the other will be wrong. We'll see at the end of the day. Good luck.
     
  4. dozu888

    dozu888

    according to the Fed Model SP should be at 5700 today... stocks are so under valued.
     
  5. maxinger

    maxinger

    shorted NQ at 943 am ET
     
  6. dozu888

    dozu888

    the temptation to be a top picking hero is that strong isn't it... that's why the retail guys in their infinite wisdom are 30:70 on the SP right now.

    https://www.dailyfx.com/sentiment

    don't feel too bad, this ratio was 10:90 in 2016 and 2017.... perfect contrarian indicator.
     
  7. Saltynuts

    Saltynuts

    Thanks for that link dozu888! Even less bullish when I looked - 28/72. But that says "mixed", not "bullish" as I would have guessed - when does it turn "bullish"?

    Thanks!
     
  8. Saltynuts

    Saltynuts


    dozu888, can you expand on the Fed Model SP - what is it and how it comes up with a 5700 number for the S&P I take it? Very interesting. Thanks!
     
  9. dozu888

    dozu888

    google
     
  10. maxinger

    maxinger

    when market is near the top, lots of experts started to talk.
    but those experts don't quite understand market personality, characteristics, behaviour, idiosyncrasy, EQ , temperament ...

    those who traded ES YM RTY NQ past 2 days would find trading rather challenging and very easy to lose money.
     
    Last edited: Aug 7, 2018
    #10     Aug 7, 2018
    greg500 likes this.