And If Not

Posted on Mar 9 2016 - 10:54am by Sharpe Trade

This has always been, and always will be the truth of the markets.  Any market.

No one really knows where it is going

No one.

Not you.  Not me.  Not Paul Tudor Jones, Stanley Druckenmiller or Warren Buffett.

The sooner people accept that fact, the easier trading becomes.

And so yesterday, I had stated that I was watching the 1963 level on the June e-mini S&P 500 Index …

June 2016 e-mini S&P 500 Index Futures
Daily Chart (via


That isn’t an “exact line in the sand”.   It’s not as if we hit 1963, and Dan is suddenly re-balancing his entire book. That is simply the ‘region’ and if we hit that region, I’ll begin to start looking at making some decisions.  That is all.  But we have to start getting one hour candle closes below that level before I would start taking action.  

If we do not start seeing one hour closes below that level?  Then I will simply ride this rally, as I have been doing …

But the point is … no one knows.

No one knows what will happen.

The market is simply a bid.  An offer.  The mark is reached.  And then the entire deck reshuffles with new information that is constantly hitting the market.

Bid.  Offer.  Mark.  Reshuffle.

Bid.  Offer.  Mark.  Reshuffle.

That’s all.

Stop believing there are magic lines in the sand …

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