Thanks for the education, Matt!

Matt - Understand using bull flag for entry on 1 min.  Do you use higher low for exit?

Thanks for the charts, Matt.  Obviously, storm flags are up in more places than Florida!

No issues with IBKR

Agreed.  A good combination.  Next time, I will buy a little of both (stock and option).

We have lost the 2-Day, 1-Day and 2-Hour DVT's for $SPX

Hey Matt, thanks for this excellent education piece.  Placing stops have been a little hazy for me; but, this allows me to "tweak my plan" in this area.  Perhaps it may not signal quite as fast, but I like to give my swings a little more room.  So, I use the 2-Hour timeframe for stops.  Maybe I don't make quite as much; but, I find I don't have to monitor and update my portfolio quite as often.  I typically look at the 9ema, and the 2-hour higher low and take the one that gives the most room.   (Just me....)

Appears this correlation is happening more frequently, as of late.  Past instances were far, and few between (just looking at the timeframe of this chart).  Historically, this could be common under certain conditions???

....and in your examples above and below, which time frame do you use for the DVT Stop?

Ok, Thanks!

Matt -- On a previous post, today, you said you don't necessarily play a "breakout".  Is a breakout "pattern" a near horizonal line of support/resistance; or do you consider coils, wedges, etc., a "breakout" as it relates to you waiting for a retest before playing?

Great work, Jason!  Lots of work went into this.  Appreciate your sharing!

Really great info Matt.  It helped me define the chart timeframes I should be looking at for swings, AND the patterns to play.  Thanks!

There is always an inclination to try to match today, against what happened in the past; and this is a credible way of predicting the future.  However, sometimes there are significant changes from the past to the future.  In 1930, there was no Fed, and you could exchange fiat for gold.  Then, fiat was tied to gold, then fiat was disconnected from gold.  The Fed, was always hesitant about injecting liquidity (printing money), but in the last 30 years has gradually increased its timing and magnitude of injecting liquidity; to the point, we have no idea as to how this latest round will impact the future.  As you can see, in the chart, below, the injection of cash for the 2007-2009 Bear market was much quicker and stronger than their action in 2002 and 1990,   ..... and we recovered nicely from that.  So, their thought is, let's increase it faster and stronger than last time.  Will we recover as nicely as we did in 2009; or is THIS time different?

About 10 points below the 3030.  I guess it is time to go to cash in 401K's..........

120 min 60 STO = 48.91

Matt, maybe I am missing something.  I have often seen the start/end Bull/Bear Cycles on some of your charts; but, I don't see any of these as overlays in Stockcharts; or, any discussion in BPT Education section.  Are these custom?

For the "big picture view" (since you mentioned your children and grandchildren), I suggest reading "The Changing World Order" by Ray Dalio.  Read Chapter One, which gives you the overview, but all of his work is extremely insightful.  You can find this on LinkedIn.

Matt--I am amazed as to the accuracy of your forecast in your newsletter mid-day yesterday.  You said the S&P would go to the 3000 target, and the 200 day MA was a magnet.  You also said that you expected/hoped for a "pinocchio" above the 200 day MA.  I don't know how much more accurate you could have been!  Now we will see if the market is ready to head downwards........

I took some this morning, with a stop back inside the wedge.  Given the more "macro" forecast for next week, I was planning to take a position today, in any case.  Thanks to you both for pointing out this swing idea.