My short term projections are pretty good (like today, lol), my longer term ones aren't. But I figured I'd give it a stab...
We rally off this wedgie, then go down again, but rally off the Fed meeting until October. Selloff because of midterm elections, then what happens depends on if Dems retain control and give away more free money.
This is a rough overlay, all trading should be done by looking at 3hr plots. even if you trade long term, it sucks to time it wrong and be underwater as soon as you buy, lol.
You can't be bullish or bearish in this market, you need to read the indicators and play both sides. I played both puts in the morning and calls today, flipped sides right before I posted the NQ wedgie plot.
We rally off this wedgie, then go down again, but rally off the Fed meeting until October. Selloff because of midterm elections, then what happens depends on if Dems retain control and give away more free money.
This is a rough overlay, all trading should be done by looking at 3hr plots. even if you trade long term, it sucks to time it wrong and be underwater as soon as you buy, lol.
You can't be bullish or bearish in this market, you need to read the indicators and play both sides. I played both puts in the morning and calls today, flipped sides right before I posted the NQ wedgie plot.
Comment:
Long weekend and gap direction for Tuesday is a complete crap shoot. Don;t bother asking me, lol.
Order cancelled:
I should stop doing long term projections, lol.