At this moment, I don't think technicals really matter; it's anyones guess.  It's all emotionally driven and until there's enough demand (via some sort of or BOS) and/or taking out of previous highs (on the short term charts) gravity is in full control. Folks feel no psychological safety and heading straight for the exits.  We are dumping again in futures. I expect a pretty violent bounce (well short of highs) but when that comes is anyones guess. Until then it's sell the small rallies.

Given everyone has their own style, what are people using as a stop loss on the systems.  I've entered every trigger since Feb so have a lot of exposure at the moment.   I was expecting some sort of (even tiny) mean reversion bounce and seeing none is somewhat concerning.  In previous years when the systems have taken heat they've stopped out around this point (e.g. in Sept 2023 move down was about 9% and the Sept 2022 move down was about 11%.  The move down in the past couple of weeks is around 9%.

Do the systems have any sort of hard stop?  I am surprised there hasn't been any sort of bounce and worried about protecting against some sort of deeper sustained pullback.

I am going to leave this chart here.  This is NQ futures.  This is a good place for support IF it holds.  There are a number of trend lines converging along with the yearly pivot point and 50% fib retracement.  If we lose this shelf, I'm ready to declare the end of the bull market.  Any thoughts from the community?

I entered TTD post earnings dip.  I’ll share my thoughts later but wanted to plant a seed.

BTFD.  This will be a blip in hindsight. Axios and Bloomberg and all the talking heads need clickbait.  You need really bad days to elicit a risk premium from investors.

A's are starting to show up on the daily and Demark 9 and 13 on smaller time frames.  May be a good time to sell and then re-enter..

Like most of the tech bros, very self serving.  What has Zuck invented?  He copied Stories from Snapchat, he copied Reels from TikTok, he copied Threads from Twitter, he acquired Instagram, he acquired WhatsApp, he acquired Oculus.  Not much originality either.

I'm currently tracking the Qs completing a 4th wave at the moment with a possibility of another 3% down move before the 5th wave starts.  Thoughts?

Matt, Steve, James, and Rik.  THANK YOU for the very Merry Christmas.  Next year is going to be huge for all of us.  Can't wait to continue hanging with you fellas.  I've learned so much.

Love those.  Hoping we get a second entry on the system.  Emotional reactions are always opportunities.

Looks like SSO stopped out today.

I'm with Dakota.  We have plenty of other systems and if folks are looking for short term trades, the volatility systems are gonna come online soon.

How do folks keep track of investment positions when reinvesting gains?  E.g. if I buy $10,000 of SPY and take profits of $1,000; I'd want to buy $11,000 on my next entry long or vice versa, if I lose buy $9,000.  Right now, I size my position at the same size, e.g. $10,000.  Is there a good system people use or do most people track it manually in a spreadsheet?

Is there a TradingView link for this chart?

Best of luck!  I heard these are pretty standard these days so hope there are zero complications.

Matt, Steve, James, and Rik.  Super grateful for you and this services. Thank you for all you do and the extra income you help me generate for my family.

Is there a consolidated list of all the BPT charts on TradingView or a profile that I can follow?  It really is a great resource you've created.

Reminder that Tradingview has its annual Black Friday sale this week for those who follow Matt’s charts.

Steve - Want to see how good of a student I am.   Similar to URA, I am seeing 5 waves playing out on the ES 5 minute chart.  With the 4th wave unfolding now.  See attached image.  Does this check out?