This divergence between crude and the indicies is one of the things that keeps me from being a careless buyer. Of course, the angle of ascent is a concern as well. That said, I was keyed in on various levels across the indicies today. 2875.00 made the most sense as it filled the gap, but much of the day was just listless trading since I believe the structure of this move is too fast. Anyway, my two cents.
What a profound statement. 3 Days of a relative S&P flatline with the Vix above 16... FOMC minutes next week that experts say can range from a 1/2 point cut to a 1/4 point rise.... and the Trump/Xi 3d chess match showdown playing out by the hour, not to mention options expiration on Friday. B1... you are truly a trading visionary. We're lucky to have you here guiding us.
I know you are a smart guy. 6 months ago I stopped the back and forth with him because half the time he is pulling your leg, the other half the time he is just being obstinate. Look around at the content most people post on these sites, what percentage is actionable? How much of it is just kinda sloppy "go with the flow" stuff that can't be proven or disproven? I told the mods I would stop messing up the threads with my own b.s., so I held true to my word. Dest. knows the score, he called this stuff out from day one. NQurious seems like a knowledgeable gent, but the apologist tone rubs me the wrong way. Surely, he can see the flaws.
If anything in this thread rubs you the wrong way it is likely you are taking it all too seriously. I fell into that trap myself for a bit, but then finally sobered up. The forums are like the markets - every one gets out of it whatever it is he or she really wants. If forum participation is causing stress or anger or frustration for you then perhaps reflect, reconsider, and reset what it is you want to get out of this place. I did, and I find it quite a joy to visit now. I agree with you LF, but lol ... most here can't see what hit them from the day before, much less recognize an incomplete pattern unfolding before them.
-94.25 for bears and 2902.25+ for bulls seems like key areas. short term time frame, big picture is not clear.
I assume you mean down. My read for the day ahead is not quite clear, but I actually think we have a good chance of making new highs from here today. Should not trade much below 95 for that to happen though. We shall know soon enough.