Booyah! Yesterday's highs taken out. I wouldn't push too hard on the long side today, though. But 5350/60 looks like normal action post yesterday to me. Conservative target would be 5345. I see there's some FED talk on the schedule today, so that could of course change everything.
Yeah my QQQ 456 is going to happen. They won't let this drop at all. Even the fake mini dip at the open gets the instant V treatment. Sit back and watch this thing go to the moon. Since May 1st this thing hasn't even had a red day lol As I said yesterday, this is one of those massive weekly candles that you see on charts. They never reverse so there's zero risk here. Maybe next week this will get a mini dip that will again get instantly bought.
Nice dip. Yesterday's range + mid-range stalled that. The day is still young... Maybe we do hit 5360?
The market lost momentum and turned range bound for now. Main statistical biases exploited already, so not much to lean on right now. Would guess we have the LOD and move back higher by the Close and possibly new highs, but admittedly, just a guess at this point. EDIT: Had the time to look at some statistical data. Odds do say back up + new highs.
nasty market day with the fake drops and instant V. Looks like a penny scam lol They can't bring this thing down!
One can be a long only ‘trader’, artificial boundaries (who cares?) or semantics doesn’t really matter anyway, one has to what is most profitable for oneself. And groups, it’s just best to be in the same boat as the powerful, but agree it’s a bit of hollow phrase
You could use a twitter or other sm sentiment scraper, though they do exist already a long time I belief. As an addition could be interesting. I believe you’ve build your own database to do analysis? Just curious, what are the best statistics you have found in that (without telling what it is)?