S&P Prediction

[reckless]

Originally Posted by whodoyoulike

Hey wait a sec! I just posted just in case people wouldn't have seen this article. It's supposed to be announced tomorrow. We'll see. As I noted it's been bouncing around a couple years.

I make up my own mind but I weigh as much info as possible to do it. Even yours.

My post quoting you was not a knock at you, whodoyoulike. If you thought so, I am truly sorry. That wasn't my intent at all.

I quoted you and the link because I do feel that the so-called 'journalism' in the media is horrible -- even worse than the political media, if that's possible.

I just tried to bring out what is reported as news is often patently incorrect. And if it isn't simply wrong, this 'news' is biased because they interview conflicted and compromised industry 'experts'.

And I also believe that many day traders, options players, etc., play the market by utilizing the headline news and information taken from these sites, which I feel is detrimental to ones financial well-being.

[whodoyoulike]

Originally Posted by reckless

My post quoting you was not a knock at you, whodoyoulike. If you thought so, I am truly sorry. That wasn't my intent at all.

I quoted you and the link because I do feel that the so-called 'journalism' in the media is horrible -- even worse than the political media, if that's possible.

I just tried to bring out what is reported as news is often patently incorrect. And if it isn't simply wrong, this 'news' is biased because they interview conflicted and compromised industry 'experts'.

And I also believe that many day traders, options players, etc., play the market by utilizing the headline news and information taken from these sites, which I feel is detrimental to ones financial well-being.

Okay, I guess I took it incorrectly as I previously mentioned it was posted as an FYI.

Interesting because I just read a Bloomberg article posted today based on the published FED minutes which mentions exactly what was speculated and reported the day before in the CNBC article.

A. reduction in the Fed balance Sheet and,
B. possible rate increase in June.

Most Federal Reserve officials judged “it would soon be appropriate” to tighten monetary policy again and backed a plan that would gradually shrink their $4.5 trillion balance sheet. ...

The statement points toward a hike as soon as the Fed’s meeting in mid-June, though FOMC voters added the caveat that “it would be prudent” to wait for evidence that a recent slowdown in economic activity had been transitory. ...

https://www.bloomberg.com/news/artic...ed-unwind-plan

I think there's a leak.

[PaceAdvantage]

Just went long @ 2413.5 with a stop @ 2403.75

[PaceAdvantage]

Trade hasn't gone much of anywhere since inception...still long...stop now at 2405.75

[PaceAdvantage]

Made absolutely nothing...held all day long to get closed out at 2413.50...lost $4 in commission though...

[n.c]

then the 5 percent correction..which will take it to 6000..then they will say, will it hold 6000..so if you want to go short, next few days will be the best time.

[PaceAdvantage]

Just went long ES @ 2431.50 with stop @ 2421

[PaceAdvantage]

This most recently closed 5 min bar was a very scary one for me...I don't like it one bit. But staying in the trade...stop moved to 2423.75

Luckily, I don't trade on emotion...if I did, I would be out of this trade now. But even if I lose this trade, it won't bother me one bit.

[PaceAdvantage]

Everytime we make new highs (at least during the RTH session), they smack it down...at least this time there wasn't a big volume push behind it...

Stop at 2425...looking like they are trying to push it up again...I'd love to see some follow-through here, but I just don't think it's in the cards...now's the time though...

[PaceAdvantage]

So much for that BS....

[lamboguy]

they are pushing the dollar down with volume lately. gold volume has picked up bigtime, we are headed to the $2000 mark with gold and probably fast.

[PaceAdvantage]

Well, it ended up bouncing back after diving down...so I exited at 4:14 :50 @ 2430.50, a loss of 1 point...

[PaceAdvantage]

Long at 2437 stop at 2427

[PaceAdvantage]

Reversed and now short @ 2438 stop @ 2448.25

[PaceAdvantage]

Out manually @ 2439.50 for a total loss of .25 points. I'm not trading the rest of the day. I usually don't trade the day after contract turnover, because for some reason, my numbers tend to get funky. This is one of those days...so instead of gambling, I will hold to my original premise not to trade today...