Almost

Bulls where just so close to victory today.... but Bears win IMO. We were able to  join them during intraday before 1165 was broken.


What to expect? . More bear's fun but, wait SPX 1115 (edit) may provide some fun IMO.

I shouldn't be posting this

It was all bear's business today. Well earned after a double top (ES - SPX)  I never believed in .
What to expect?. From SPX perspective they blasted a couple of levels just like that, so they may go back to retest them early tomorrow. But a good trader will only use those moves to add to his existing position from 1220 ish. Target should be around ES 1124, BUT not limited to it as ES1116 is also very logical. Some support could be found around ES1138 but it will likely not hold.

My take: Follow Nasdaq.
Yes, this one is still ST bullish , and I cannot kill that trade until NDX 2238 is taken out with authority.
Again, this is sucker trading, not only because of the index but because of IT trend. But I still believe in it.
We 've entered long NQ avg. 2264 earlier this week and managed here and there, but last batch is underwater currently. Key opening level for tomorrow is 2253 for this future IMO.

Trade safe = stick to IT trend ( bearish)

inYuried??

I hope you are not :)

Despite of the sad news that many good fellow traders were caught by surprise by this up leg we have to analyse our last plan  and prepare scenarios for next week.

ST wise: 
No question bulls demonstrated they are alive, some ppl are still doubting this is serious. Per the resistances and TL's ( see chart) they broken, I assume this is more than just a bounce and my scenario from 09-11 is confirmed,  so I expect more to come next week.  Breakdown of light blue TL daily basis would invalidated this scenario.

IT wise:.... heyyy, one step at the time, bear are still in command here IMO

Trading: It is no secret I covered longs too early this week, I just hope you guys hold at least a core position, it may turn out to be a GREAT trade

Since it is Friday, Yuri wants some more fun at Vostok1  and send us his favorite "weekly" tune.
Enjoy :)

Speed

As my last post stated, bull was not dead. They clearly demonstrated it today. However they went too high , too fast and that is never healthy for a young trend. So be extremely careful if you are willing to buy around here.
If you were long from 112x area then manage, else I'd stay away until Opex tricks are over.

ES 1193 as I write


Trading wise today I failed to follow my plan and screwed it by abandoning long positions I carried from Monday and  shorting 1170 area just following the crowd , stupid. But I won't make a second mistake (chasing bull) to amend the first mistake.

GL to all

Bull is not dead, be careful- updated

 Edit :9-11

Lack of shenanigans (bear's stops run) on Friday suggest Bulls are even more serious. IMO SPX 1250 ( and higher) is now in the works. I know , the whole world is so beared up , all is gloominess but check what SPX has done during the last 23 sessions... what do you see? I know, a bear flag some ppl would say. I 'd disagree. 

In any case if we breakdown early this week then things will be clear and it will decide the mentioned question about consolidation or bottoming process.

GL to all. 

Yuri will attempt one last shenanigan...

Pain before gain coming for bears IMO .


GL to all

Yuri is tired, need some rest :)

Yuri is back .... muhaaas