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AL
albert
Rep: 99
Posts: 3,094
Starting it off.

Al
RA
rat89
Rep: 0
Posts: 7,015
spx and nymo - two thin vertical blue lines show nymo buy setups as describer below in response to jr....the magenta line shows a nymo buy setup that failed soon after, with a low for spx that followed not confirmed by nymo. key things to remember: 1) not every spx low is confirmed by nymo; 2) not every nymo buy trigger signals a sustainable move beyond a couple of days; and 3) nymo is not useful for indicating spx sell triggers.

regarding the wave counts, the green count has the 3028 as the end of Major [3], with spx now in Major [4]. Major [5] targets somewhere around 3050 - 3078, but CANNOT be longer than Major [3], as spx appears to be in an ending diagonal. That count is marked in GREEN. The alternate count has Major [5] complete at 3028, and is marked in BLUE
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RA
rat89
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Posts: 7,015
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MA
MarcinO
Rep: 67
Posts: 5,506
Nasdaq back to 7460 and down again?

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MA
MarcinO
Rep: 67
Posts: 5,506
They will probably send it down to 7360-70 to test longer term TL.
My idea is they will fake a reaction to the upside and take the line only tomorrow.
MA
MarcinO
Rep: 67
Posts: 5,506
Here comes the reaction.
7550 now?
RA
rat89
Rep: 0
Posts: 7,015
careful short here:
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AL
albert
Rep: 99
Posts: 3,094
rat and Marcin,

Awesome work, guys.

Al
AL
albert
Rep: 99
Posts: 3,094
Paper trading. Broke even, not counting commissions, on UBER. Lost a bit on GOLD. On GOLD, I set my stop at 50% of entry, and then I overrode my stop and exited with a loss. I have got to stop this bad habit of not sticking to my original stop.

Al :--|


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AL
albert
Rep: 99
Posts: 3,094
Paper trading. Lost some on TTWO, made it back, excluding commissions, on SHAK.

Al :--)

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MA
MarcinO
Rep: 67
Posts: 5,506
Again the best moves take place during Asian session, which is the worst time to trade from Europe (it's a middle of a night till morning time span).
My scenario for Nasdaq is to hit 7560-7600 zone, most likely the higher bound of it and then drop sharply overnight.


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AL
albert
Rep: 99
Posts: 3,094
Paper trading. Made some on calls for CVX, for DBX, lost some on a ROKU call, made some on UBER and V calls.

Al :--))
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