SP500 - High Probability predictions for 2016

Okay, let's be creative for once and also do something good at the same time. Here's my plan. Do you see the high and the low marked on the chart below? 2134 was the 2015 high and 1831 was the 2015 low. Since you say ES will take out the 2015 high, I will donate $2,134 to a charity of your choice if that happens. On the other hand, if ES breaks below the 2015 low, you are to donate $1,831 to a charity of my choosing. Deal?

 

This thread got potential

 

china down -5.5% minutes within the open

this is going to be an interesting night

 

The next support is at 1945, less than 20 points from where ES is currently trading. Should we close below that level, which I'm certain we will, we are heading straight down to the OP's much beloved 2015 low.

 

that's extremely unlikely, if it goes to 1940s it's bouncing to 2000s

 

My hunch is that once we penetrate below 1945, we swoon down to 1900. We'll then bounce and retest the 1945 area again before heading lower. Only time will tell, I guess. Anyway, good trading y'all.

 

Well, well, we're already there. Just stamped 47.25 as the low. This is getting really interesting.

 

OK, I like to bet (for SPX):

1. 2015 lows will be broken.
2. No new ATHs in 2016.

Whoever is wrong will never post on ET again...

 

From brother Surf:

"Oh man-- what a terrible way to start the year. Wemiscalculated the international pressure on the US indexes for now"

This is exactly what the FED and other officials will say if indexes continue to slide - it's because of China, nothing wrong with US economy!