SPX 3,505 is next!

Discussion in 'Index Futures' started by Master Pu, Aug 22, 2022.

  1. I am looking at a broader picture, today is just one day.
     
    #11     Aug 22, 2022
    mikeriley likes this.
  2. mikeriley

    mikeriley

    I completed 2 shorts on NQ and 1 with S&P, so I'm
    not sure I understand your comment. People are
    clearly selling.
     
    #12     Aug 22, 2022
    Real Money likes this.
  3. You are right! I was blended by Yahoo's wrong data of the 52wk High Low numbers!
    Here's a better chart:

    SPX_chart.png
     
    #13     Aug 22, 2022
    rb7 likes this.
  4. No, sorry, I was blended by Yahoo's wrong data! :(
    Above I've posted a better chart. Yes, it was at ~ 3650 just 2 months ago or so...
     
    #14     Aug 22, 2022
    Master Pu likes this.
  5. Screenshot 2022-08-22 at 17.01.07.png
     
    #15     Aug 22, 2022
  6. There's a 99.2% chance all of you are wrong, over the longer haul.
    Predictions are a fool's game, a gambler's game. With gambler's results.

    You can pull up a million, hindsight, technical analysis, charts and a million indicators....it all won't make a difference, still.
    You can present charts with lines that look like a genius Picasso....you will still be a failed trader, or a trader with very average, mediocre, marginal, returns to show for.
    Master Pu 202,2
     
    Last edited: Aug 22, 2022
    #16     Aug 22, 2022
  7. Chill man, it's just a prediction. I don't intend to hold any short position till then.
     
    #17     Aug 22, 2022
  8. That is correct. TA is meaningless without a solid trade management strategy.
     
    #18     Aug 22, 2022
  9. To further add and expand on that chain of thought, trade, process...

    TA is meaningless, and solid trade management strategies are meaningless....without understanding the mixing and mechanics behind the chart, behind that line, that generally make it move the way it does into the future.

    The thing is, most traders trade and gamble blindly on the surface. And that is not enough to formulate a nuclear bomb that works.
    Master Pu 2,022
     
    #19     Aug 22, 2022
  10. mikeriley

    mikeriley

    Technically I've completed my 3 trades for the day (3 and done)
    But I'm posting another trade going for 200 ticks, because I see
    some people shoveling SH@T. Only complete noobs think this
    guy can trade! Post a trade and prove your knowledge.
    EVERY THING ELSE IS BS


    Screenshot_19.png
     
    #20     Aug 22, 2022