SP 500 tommorow direction.

There was a textbook divergence between 13CCI and price, completed at 14:05, You'v got it right acrary, nice call of the top.

 

Actually, it was off by about an hour and a half, but who's counting?

 

The 14:40 call is obviously a miss.

 

I know that you do not looking at anything lesser then
5 min, but if you have a time, put 13CCI and 15ema on 1 min chart of SP500.
. Do you think that bottom is in at 14:50 ?

 

Obviously not, since price continues to fall.

 

I guess you're right on the ES. High on that bar was 74.00. HOD was 74.25. SP HOD was 74.00 and high of that bar was 74.00.
I'd take that precision in a call anyday. Only question is what is the objective hit rate? Probably won't be answered through a forum. Oh well, it was something to watch to overcome boredom.

 

I trade the NQ, so I can't speak to an "objective hit rate" on the ES, but I monitor the NQ and ES together, and the fact that the NQ "broke out" and the ES held at strong resistance was sufficient justification for taking the NQ short.

 

Just a quick recap.
1/ as predicted one day ahead, price went up after opening.
2/ 14:00 close enough for nice short
3/ 14:40 another chance to join the short side

I take that everyday.

 

Of course you do . . .

 

Based on price action in the last 2 hours, there is my opinion on what will happen after tomorrow's opening .
Price will move higher then opening, but there is a strong possibility of price going lower initially and then reverse upwards from 9:45 . How big the move up will be I will know after seeing the opening action.
Walter