Actually, that's why I just come to post on my thread the very thing your paragraph above states. According to my cycle analysis, the late July high's are a long term cycle high that came earlier than expected. While my cycles are not perfectly accurate and I am an imperfect person, my cycles would indicate that the early August lows will either be matched or surpassed by mid November. I could be wrong, but I don't trade that length term anyway.
The big money is lying at the poc of contract at 2926. Around this level the big boys have bought long positions. And now they want to sell higher. So the ES went up. If big boys have sold all their long contracts at e.i. 3000, 3020, 3030 -3050 (magic number) they will switch and buy short-options. Then the ES can fall.
Well I guess our posts are only talking about a matter of only one week difference, and then down. Here's quote. "I expect after the change of contract next friday, ES and the whole markets will go down". Here's my short term cycle. I have possibility of some up move week of Sep 22, although the major trend will be down.
I think you will be right. We will see lower lows this year or in January 2020. The institutionels like to loot the private traders` depots by moving the market down with few contracts to fish stopp-losses over holiday or Christmas. When the small investors come back from holiday their depots are empty and they have to buy back the share to a higher price from the institutionels. The same procedure as every year. We've naked pocs at 2503, 2584,50 and 2635,75. Naked poc means that at this level there was a lot of volume traded but the price hasn't touched this price twice before it went up. I don't know if it will happen, but last Christmas the ES fell 350 points of index.
Hey everyone who visits this thread. I am taking all my posting to my Journal thread and not post here any more. On my Journal thread, I posted a my cycle analysis of a number of different markets including the SP500 cycles. So this is just to simplify and not have two threads going on at the same time.
Hi everyone! Here are my limit sells: 3022, 3019,50 3017,50, 3015, 3013. I don`t know of course how far the ES will still start. But I already think that it still packs 3017,50.
It is the new December-Contract. The poc is at 3000,00. My TPs are the skyblue lines with the numbers of center or the yellow small boxes: