They were calling for six rate cuts when I wrote that. My point? Hmmm? Don't listen to "experts" maybe? It's ET bro... I don't need a point. But your expert opinion is noted. Markets only go up.
Trading is not a team sport, but losing is! But you're right. If you post winning trades.... silence. Post losses and you get sympathy at times, and lots of free advice. Post elliot wave counts, and you get ignored.
Don't get me wrong, i'm not here to criticize. I'm definitely not overnight. That being said, it made no difference in the end as the market is more unstoppable than ever before with little chance of even the most basic pullback. So while you were right, what difference did it make if the market was going to moon anyways?
Not a believer in trendlines as you can draw them different ways to make them work. That being said the QQQ daily chart is insane. Don't think I've seen it this parabolic/stretched out. Every single dollar it pulls back they are right there, throwing unlimited free money and eating it up real quickly. Hard to see it dropping. From the Friday low of nearly 2 weeks of 443 to now of 478 you have not had a single pullback. Simply not allowed in this market. Also it's way too slow so any red candle will easily be eaten up.
When this thread was started QQQ was at 377 and I took a lot of shit. Now we won't even come close to ever seeing that again in our lifetime. Just a massive, forever bullmarket. There really is not a single scenario where this things stops going up. Every single monthly candle ends up being saved or intact in this forever bull run, so yeah no risk all reward.