Day trading predictions... no matter how often you get them right, they get you once in a while. My gap down prediction was one of them.
I posted many long term charts from DJI to OEX to SPX to COMPQ. Nothing has changed. ES is currently up 10, near yesterday's high. Larger time frames always dominate shorter time frames, therefore market will not be able to sustain these levels in regular hours as most of the indices pushing through multi-decade trendlines. Their reliability is quite proportional with their lifespan.
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