This is how you surf with the machines... I learnt if from Surfie's book... Posted in the ES Journal. Every child can read a multi day consolidation pattern...
S&P 500 futures and Nasdaq 100 both made new all time highs today. Nasdaq 100 in regular trading, and the S&P futures(ES) a few minutes after the close. Only a matter of time before the YM follows with new all time highs.
Over and over the past several days this week and last week i posted that "there will be new highs" this week...GUARANTEED! Well it didn't didn't make new highs even though it came close, today. But i did this to show the foolishness of trying to guarantee anything in the markets. See..just because i said "guaranteed" over and over it didn't mean didley squat! The market is going to do what it is going to do. The best we can do is follow it and attempt to forecast out the next probable move. But this stuff of guaranteeing is just silly. Even more so trying to guarantee a 1000 point drop. PS it is a bull market. Follow it as such until it proves different.
It is PROBABLE, not guaranteed, LOL, THAT the surf will soon be out of the YM business and scalper back to fishing for minnows...and truetype typing something else ...who knows what??
Please note that the odds of Le Pen winning are not zero...Betfair (London)'s market has an implied probability of around 9% https://www.betfair.com/exchange/plus/politics/market/1.117179983
Trump was 25/1 and he won, near election date he was around 5-8/1, so @9/1 she can't be written off just yet, opponent is priced ridiculously, as if he won already. Bookies can clean up if he loses, their liability is amazingly low. They got it wrong with Brexit, Trump, perhaps now cock up pricing up France.