Well, here we are gang, about aweek and a half from the expected cycle low i had commented about weeks ago. I must admit,this weekend my study of the charts looked to be short term bullish and i keep getting two projections over and over. 1226 and 1243. I really thought we would head there for a test of the 200 day average which would be an expected, and normal, bear market event. Is this the expected retest or a pause before the objectives are achieved? Time will tell.One thing is certain... this is going to be an interesting month! (ps.. sold 2 es at 1271.00 for a short term scalp) down 4 handles from a trade last nite.
stopped at 1272.50 down 6, for the day.
selling 1275.50 area.
missed by a tick ... order cancelled
I have quite a few numbers at the 64-61 area. 64 is last monthls VAL, its also last weeks VAL. Which looks to me that whe should test these levels before moving on to highier ground. Also where in a bracketing market with 61-64 the low and 95-1300 high.
bought 1275.50 2 point stop
Ill buy again at 1272.00, for a total of 2 long. 3 point stop
covered at 1277.00, nice trade ...10 handles,but now up only 2 for the day beause of past 'indiscretions'
I will sell 1279.75
3 point stop... cover at 1277.00