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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (44810)

11/25/2021 11:31:10 PM

From: rimshot

1 Recommendation

Recommended By
Area51

Read Replies (2) | Respond to of 97958

howdy Mr. Class act - AJ actually reads some of my posts & he can likely confirm
if he desires that what I said about the future beyond any single day:

was as an optimal Wave scenario lower to specific $SPX cash levels which I cited
, before we resume $SPX upward movement for more than a day

you are not remembering that I answered a question of yours directly a few weeks
ago when you asked:

"are you still short the market ", and I told you:
I rarely hold onto index futures trades more than a few hours because
I have other activities in my life, and am not willing to be bound to a device or PC

FYI - you may not have seen enough clarity in my wording shown lower in the cut & paste below ...

the bear trap was in reference to the day trade bias choice I was making for the day only

... I usually day trade index futures with the Globex session included in that meaning,
though I choose about 40 to 60 multi-day holds in any given year.
** here is a cut & paste of my two single-day forecasts made in advance

for purposes of index-related futures day trade directional choice for the single days of Thurs & Friday:

$SPX cash 4,706.78 = my forecast for Wednesday Nov 24 close

* as little as 45% odds of being correct & as much as 70% odds of being in the ball park

4,690.70 = Tuesday Nov 23 close

$SPX daily chart with 5 other symbols & this chart live-updates when you refresh your browser -

stockcharts.com

==============================================================

Message #44502 from rimshot at 11/23/2021 2:08:27 PM

$SPX cash 4,684.62 = my forecast for Tuesday Nov 23 close

* as little as 36% odds of being correct & as much as 85% odds of being in the ball park

4,671.62 is now printing, at 2:09 pm ET

EW daily says a lot right now ... will the price action setup change is the question?

stockcharts.com

* I suggest you place the SC provided Pivot Points on the $SPXEW 5-minute chart, they
are instructive today more than usual **

============================================================================

AJ - looks like medium odds for a potential bear trap setup to me, until proven otherwise

so far, Nov 23 action represents the classic Point & Figure method's customary re-test
from above of a prior horizontal breakout level by daily $SPXEW -

stockcharts.com