Poll:How many points up or down will the dow close on Monday

Yeah, if Israel doesnt look likes it is going bomb Iran directly, good chance of a green close.

 

You don't think this was already baked in?
I pray we get a knee jerk sell-off. Might be a good day for 0DTE SPX options.

 

Like I said ... traders do.

A 5 point move in the eMini is nothing. A 5% move is big.

 

Percentages moves are rarely mentioned by most traders, just look at ET, it is all absolute price levels on the chart. Some talk about fib retracements but thats about it.

 

SPX Monday:

Just looking at the technicals, I have a 70 % chance of a green close on Monday. A smaller gap (+/- 15-20 in this volatility) up or down should indicate a good long around the opening period after the initial zig zagging have settled.

I would fade a larger gap up for a gap fill (but probably still a green close) and with a larger gap down below Friday's range I would think continuation lower.

Overall, for the week ahead, the chances of continuation lower appears to be pretty good with slim chances of taking out the prior week high.

 

Most here on ET are not traders, true traders. You fit that bill.

 

TA35 +0.27%

 

Have you tested it on historical data?

 

Yes.

This is just technical, though. With the backdrop of what's going on in the ME, I can't say I'm very bullish short term.

 

In percentage???
Who think about percentage, certainly not traders...
Traders make money off of points, not percentage.