OK so yesterday was not my best day. There are still some signs of a reversal possible but unless spy gets over 390 in the next day or two, all rallies will be suspect. USOIL looks like a correction is over and we should go higher, Wheat correction is normal for the first leg up, it could test 8.14-8.00. Gold spiked through support but it doesn't mean anything just yet, esp if the dollar reverses soon. BTC holding it's support at 19500, under 19k would be problematic. Thanks very much for listening and good luck!
Always trade with stops and clear assumptions to be tested. Don’t fall in love with any ideas if they don’t conform to data. Saved a lot of heartache yesterday.
the_sunship
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@Faux_Pas, yeah i stopped out after they lost that 390 yesterday. Looks like support is holding on QQQ and SPY here, I'll buy a wee bit and keep stop at the low.
CuzDelux
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Shake it off. You have trained us to use stops and sit back if its not acting like expected. Moreover, you have been near 90% profitable on my ES related trades, which is why I keep coming back. The fact you incorporate all commodities and currency sets apart your analysis. Also, your fluidity with wave analysis is reassuring, although I don't always understand, yet.
Personally, didn't touch ES Friday, despite the big wind-up, but watched. Did add to those light positions in blue chip tech, comms, and Deleks (US) for NG, which is moving up while NG drops below this level. I will be listening for a little while. Thanks again for all you do.
loser1993
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I said before that oil was low on September 8, which seems to have come true