IMO TA was saying it was going to pop all along, I have some stuff in the toolbox that nailed it.
Apparently only thing needed to watch was the employment report. That was enough for a 700 point rally for DOW.
A news driven market can not be predicted with TA.
Everybody is a trading genius in hindsight it seems LOL
Pdx - how exactly does 'watching the news' help trade it? by time its out ...the move is over, and often will whipsaw - I'm guessing u have never traded Short term moves.
MikeyG - how about next time you post ur toolbox that nailed it BEFORE the move so rest of how see how good it is?
FYI - I did not make a call about today so not sure why your replying to me anyway , I said if it didn't gap down under 3780 ...it was still a range ..and it still is ..check a chart LOL
I usually will not post charts typically. But I do post trades sometimes. Just a few days ago, I posted that I was playing the long side.
I was responding to PDX's comment on how TA didn't call this move.
I have posted plenty of trades here over the past couple of years, and my record is on my website of the performance of my fund.
Also when I check a chart I see NYA made a multi week high today, so it's not as range bound as you say.
Yep I get that MikeyG ...I also was more referring to PDX than you tbh he obviously has no clue about short term trading
i'm just saying in general, not to you specifically so sorry it came out that way, that If someone says it was easy to spot a move, why don't they post it before hand its then more convincing, .. ... (note im referring to SPX in all my posts).
Hopefully going forward PDX can tell us all beforehand the ST moves via the news that 'is the only thing needed to watch' , because I can throw away my system that only works 80% of time :-) and only
at certain setup poiints - must be great to have found the holy grail ! ( deep sarcasm mode engaged).
Edited by EntropyModel, 06 January 2023 - 07:41 PM.