I should also let you know that you are in violation of futures.io (formerly BMT) policy. After you asked to be banned on your original account, that was it. Bans are permanent, and we do not allow duplicate accounts.

Since your ban was self-imposed I've allowed you to come back with this duplicate account, but just know that you are on a very short rope so please be on your best behavior.

I had already told you we don't allow duplicate accounts and not to create one. You did so anyway instead of emailing me and asking your ban be lifted.

Mike

Well, the good news is it will knock us into resistance levels sooner setting the market up for shorts in only a couple weeks or so!

Definitely prefer shorting.

Reaction to Fed meetings this week will be interesting...

Markets look like they are picking up pace like they did mid 2007. Faster more violent rallies means shorter duration market cycles.

To return to full complacency we kinda need a new QE program out of the EU. Come on Mario!

forexxch 

Yes QE would be a solution for a short time, but we can't continue like that for decades...

Japan has done fine continuing on like this for decades... They were in this same situation, what was it... Starting twenty five years ago?

This market is compressing like mad... If this continues up to FOMC the market is going to be set to explode in a direction.

Definitely a SOH situation until after Wednesday with volatility getting burned down so low.

Cyall Thursday-Friday...

Edit: I would prefer an upside explosion similar to September 2013. That would set us up for weeks of drifting lower.

Looking good... Starting to see confirmation were entering the final ramp before consolidation pattern starts. Don't care for one sided markets... I will be shorting resistance setups in the S&P as early as Thursday/Friday, and next week onward.

Not in tech though, the Nasdaq could easily rip straight up five percent from here through next month without taking a breather.

Just need investors/funds to take off their hedges (futures shorts, etc...) after the non-event FOMC announcement and back to normal trading conditions like early/mid September!

That was a scary resistance short... Flat on push to retest prior high.

This market needs to weaken a little more... Crazy bulls!

Faded that one far too soon...

https://michaelyager.com/share/Fade.png

Well, I exited my resistance fade here... Downside wasn't picking up enough speed. Sheesh... We should drift sideways/lower from here into Monday, but it's very unlikely today was the top.

Only making chump change... I think I am jumping the gun on fading this market. My math says I shouldn't be aggressively fading the bulls until about one to two weeks from now.

We need to at least dip for ONE day and retest highs again, LoL...

This is a momentum move, and on the weekly... We have not lost momentum or reached primary resistance yet. Going to be getting real aggressive about shorting bounces when that occurs, but not until then!