I haven't been doing it enough, but tonight I went long in June YM. Tired of kicking myself in the ass for not doing it more often over the past couple of weeks, been too busy with risk-management thoughts clouding my judgment and the thought of impending short doom. P.S. Rick, that post you had here with the tweet about open and close is an eye-opener. https://www.elitetrader.com/et/thre...isk-in-the-sp500.85694/page-1629#post-4587005 Yes, those patterns have been prevalent for the past 9 or so months I've been watching the equity indices, but to see it has been going on since 1993 is amazing.
So who needs all those indicators, algos, shmalgos, and spending all this time in front of the screen Simple One rule road to riches
Dax looks on the verge of a large upside breakout, so that should help drag the SPX up. Expecting a nice day for bulls today
It's not free money btw....you are being paid to take overnight risk. By definition, we will be whacked at some point but hopefully the net result over the cycle will be strongly positive.
Oh look the stock index futures rose overnight....Looks like a higher open on wall street shouts CBNC. Same thing over and over and over.
Futures rise every night duh. Fear shut down...lol everyone knows they will reach an agreement they always do so load up. When they announce it in the dead of night be ready.....THE INDEX FUTURES WILL TAKE A MOON SHOT.