"Normal Pullback would be 3040 SPX" - abnormally, 2870

were right in sync today, I was in 3151 short yesterday morning you lol?

I have no idea why people seem obsessed with this "trade deal" stuff....

 

Price action will tell us anything meaingful long before anything in the "news"

We were hitting extremes for several indicators I track and very late in the daily cycle, but CNBC has to tell their followers something....  I could care less why the market moves up and down, but investors are always trying to play the game many months out.

I trade what is happening, not what I think is going to happen, and I use a daily chart

Daily.....

https://stockcharts....641&a=702047273

For the LT data this rate cut cycle better be different......

https://stockcharts....253&a=704183311

Edited by robo, 03 December 2019 - 02:48 PM.

Myself, I couldn't care less why the market moves.

Myself, I couldn't care less why the market moves.

Same here as long as I'm on the right side of the trade.....  This move was getting very stretched on the daily....

Monday was day 41 for the daily equity cycle. That places stocks in their timing band for a daily cycle low. Closing below the 10 day MA indicates that stocks have begun their daily cycle decline. The daily cycle decline typically lasts 7 - 10 days. The peak on day 39 locks in a right translated cycle formation which gives us the expectation that stocks will form a higher daily daily cycle low. Stocks are in a daily uptrend. If stocks form a swing low above the lower daily cycle band then stocks will remain in their daily uptrend and trigger a cycle band buy signal.

https://likesmoneycy....-correction-3/

Stock market mini crash underway

https://www.tsptalk....9881#post629881

Edited by robo, 03 December 2019 - 03:29 PM.

I went short Es 3149 early morning Yesterday when DAX and ES started tanking. No positions right now. How about you?

I was with you at 3075, out this morning now.  Two great moves and premium on this expiration cycles plunging, always nice!!  

My question is now is what happens when we get back to the highs, think we might have a new trade range here between 3150 and 3000, the chief will likely enlighten us then.  Still have that 2950 level to fill on the cash market but that seems so far away now!  

My question is now is what happens when we get back to the highs, think we might have a new trade range here between 3150 and 3000, the chief will likely enlighten us then.  Still have that 2950 level to fill on the cash market but that seems so far away now!  

very    :>)