Yes, i made a spelling mistake. Im on south beach with my prego wife and 3 year old watching some windsurfers and eating dinner-- so sorry about the mistake! I'll address the moronic comment directly when i return.
Thank you for the apology. What your "prego wife, 3-YO something (child, dog, pet iguana?), windsurfers and dinner" have to do with the apology I do not know. I can glean what you intimate, but that would be "arrogant" of me to do. Something you would NEVER do. No...no. lol!
Typical typing error. Not a sign of low intel. Who cares? Only liberals. Assess ..acess... ACCESS ...ASSes ...asses...LOL
Market still has trends..channels..ranges..wedge tops and bottoms..triangles..BO...PB..FLAGS...etc ad nauseum. Same in 2017 as in 1923. All reflect human nature. Humans program the machines...they will reflect human nature but more precise as the emotional element is removed. Markets get more precise in the DAY of the machines. That is why TA traders have a hard time finding discrepancies ...imbalances..and capitalizing on them. You have to read the chart carefully. There is no noise. Every tick is meaningful. Every tick tells a story. In the ES 70% of the activity created by the machines.. HTF's mostly. Then another 25% aprox created by other Institutions ...banks..pension funds...etc ad nauseum. 5% to 10% by retail traders with little money..LOL. THE BATTLE IS BETWEEN the machines. That constantly changes as algos change...but overall pattern is the same. Strong bull trend..tight channel...1 Or 2 bar P.b. Odds favor trend resumption. Doesn't matter that a machine or conglomeration of machines created the pattern. TA has become more precise not the opposite. That requires extreme focus as you will not see the same imbalances. I use to trade stocks just watching the level2 inside bid and inside ask using the quoted volume. When imbalances showed up then one springs quickly. Now that has changed.
Quite impressed atm tbh..futures only down a mere quarter of a per cent....would have expected far more selling...
Low US GDP, flattening UStreasury curve, Chna today announces 6.5 expected GDP and other tighter measures. Markets have two weeks to push back against the fed and it will be interesting To watch and hear the fed. What's chances of the SP500 being down .5 % the coming week. Wont that be shockng