I hate to part ways with what was probably the best trading forum thread or any thread at MarketForum EVER going back 2+ decades.
Several posts of the week and Hall of Fame posts by several posters.
However, that one was also near record length and its time to move on.
Stock Market 10-24-25
74 responses |
Started by metmike - Oct. 24, 2025, 9:42 a.m
https://www.marketforum.com/forum/topic/115443/
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I'll start this new thread off, with the last message on the old thread:
1 like
By metmike - Nov. 10, 2025, 7:27 a.m.
Everybody posting in this thread shares the same love of ANALYSIS AND BEING BLESSED WITH ANALYTICAL MINDS!
Trading provides a wonderful challenge for us to exploit our analytical minds. Making money is the objective and also the metric to judge our success but it goes beyond that! It's something inside of us that drives how we think. Many human beings thrive on competition and trading provides that opportunity to compete against and in the market with the "Composite Man" as Wyckoff referred to as everybody in the market's thinking and acting combined at one time.
tjc has mentioned this aspect of trading that drives his love for it.
The above chart is the NQ hourly as of right now.
The gap up on Sunday's globex session was simply a continuation of the buy thrust from Friday; buying on Friday continued strongly in the futures market after the cash close (that was your "sign")
The NQ is currently pausing after hitting the 4.236 extension from the early Friday thrust, we may see a bit of a correction since we are definitely in overbought territory, notice however how we blew through the initial 0.707 and 0.786 retracement levels = bullishness
Still a bad time to go short here imho.....
We may have a possible temp short coming up as I'll explain with the next chart
The above chart is the ES hourly
After the Friday upthrust we gapped up here as well
We again saw a powerful upthrust in the morning when the market came back to test the 1.618 extension level from the Friday lows, coinciding with the 50% retracement from high to low (ding ding ding ...)
There is a point of interest on this chart at the 0.786 retracement and 2.618 extension confluence roughly within a point and a half from one another
That may provide the first selling point in this upthrust ....
I still would be hesitant to go heavily short though, we're not at that point yet imho
Trade safe my friends !
The above chart is the ES December contract showing the same area highlighted on the ES continuous contract above it, just for reference ...
Thanks for the comprehensive update, kris!!!
https://www.fool.com/investing/2025/11/13/stock-market-soar-if-court-rejects-trumps-tariffs/
President Trump warns of an economic disaster similar to the Great Depression if the Supreme Court rejects his authority to impose tariffs
However, Trump may have exceeded his authority because the IEEPA does not explicitly authorize tariffs. Indeed, three different courts have already ruled the tariffs illegal, including the U.S. Court of International Trade, the U.S. Court of Appeals for the Federal Circuit, and a federal district court in Washington, D.C. The issue now sits in front of the Supreme Court.
Maybe Trump bragging about how he's caused the stock market to make 49 highs this year on Wednesday evening, including yesterday(according to him) was the kiss of death
https://tradingeconomics.com/united-states/stock-market
https://finance.yahoo.com/news/stock-market-doing-something-does-114900450.html
Above is the current state of the Nasdaq hourly and daily [continuous contract], charts are pretty self explanatory ...
We may see a reaction to the upside at today's cash open ...
Trade safe my friends !
The above chart is the NQ December contract
Until and unless we close above the retracements and extensions on the chart the trend will resume down
We do have what looks like a bull flag formation but be wary of traps (up or down) !!!
I mention at times that the markets like round numbers: the December contract is at 25300 while the continuous contract is at 25200 ..... !?!
Thanks very much kris!
I'm amazed that the way over valued, self fulfilling prophesy, rich person's ponzi scheme refuses to die!
metmike, I too view forced participation in Social Security a ponzi scheme. BUT, what's a pour girl to do?
Looking at the chart ya have to ask? Would Jessie Livermore be long the market?
I'd like to update the chart posted last Aug. 25th (note; adjusted fib anchor pts. to reflect actual high/low)
Friday's spring, I'm looking for the uptrend to continue as long as we stay above the blue shaded wick.
Thanks, gedigan!
The trend is your friend and it's still up which would seem to be the most likely direction, especially considering the markets resilience in the face of so many reasons to go down.
If a market refuses to go down on bearish news, it's telling you something. However, even the stock market has a limit for ignoring bearish news and there's plenty more to come.
Regardless, I'm an energy/crops trader and you're the expert on the stock market. Your wonderful contributions are greatly appreciated.
