I read all of your guys updates every day but I never post… I am no avid trader, in fact it seems like I just lose money but, Visaria does seem most accurate. He also posts the most trades real-time so, I guess there has to be a balance when I say that. I wish the Internet was a trustworthy place. I would give you guys my cash to make some "fast money". I know this is a trading forum but I like hearing longer-term calls for what it's worth. When the market crashed to 1810 in 2016 there was one guy who said those lows would hold and there was a 96% chance the market would make new highs based on his algorithm. Turned out right… Post more stuff like that!
The question is not if a level will hold, but will the market get to that level, because the question of whether a level will hold can be done with less difficulty after the market visits and holds at that level. So the question for the long side, is to know the important levels, and wait for the market to visit them, then decide. This is easy, and hard, because the ability to wait is uncommon. Today (wednesday), one could almost feel the presence of potential buyers waiting for the outcome of the market's visit to the 200-day MA. Thursday and Friday could determine a winner in this battle.