Thanks, Mike!

Nice chart.

So at 10:30 am you refer to it as a fake out.

Why weren't you following your own system then?

When the market was BELOW the first hour's range and the RSI was BELOW 50? 

This was a crystal clear sell signal using your system.

I can definitely appreciate the key 50 RSI level capping all the bounces but they all happened at different prices as the sellers were much more aggressive. Recognizing that and being short was clearly the best day trading opportunity for you.

We can see the WAVE type trading with both directions having surges,  having 4 downs and 3 weaker ups.

 Main stock index futures way down (4-5%)! Full fledged crash if this holds. 

Thru this evening so far. 

1. 1 month

2. 1 year

3. 10 years

https://tradingeconomics.com/indu:ind

The Dow futures have bounced back over 800 from the low from a few hours ago. It is now down “only” 2.3% after earlier being down ~4.5%.

 The Asian markets hitting their circuit breakers are largely due to them catching up to the big Fri US losses because they closed on Friday before the Dow really tanked.

Thanks, Larry!

I never traded the stock market or predicted what it will do.

But it always fun and challenging to track and analyze it! 

Right now, we are trading news and emotions.

We have no idea what the next news item will be. Maybe Congress and the Supreme Court will make an announcement that suggests they will completely block Trump's plan to save the markets???

Trump has violated the Constitution with this blatant abuse of power with every shred of authentic evidence showing it to be damaging.

Why wouldn't Congress step in?

They better had do it!

https://www.marketforum.com/forum/topic/110958/#110994