Here's some sq of nine S/R #'s I am looking at today....
Long @ 73...targeting 79, 81.25, and last cons @ 89 at which point would be a nice short.
long 2 @ 1271.00
see edits below.....
I have 71 - 72.50 as a key and then the 51 - 52 area......I'm not convinced of higher prices today.....that rally yesterday wasn't impressive from a volume stand point....I do hope you folks have good longs up here though
EDIT: I made an error...key downside numberzone for me is 52 - 55
EDIT: data was goofy so 67 - 69 is key upside number zone
As everyone knows , im expecting weakness from the 9th- into the 15th -16th. I do however have higher projections off of the daily chart(1291.75). long here hoping for some kind of retest of the 1282 high
my other concern is that in Mondays RTH we had no net buying...all the buying was done in the overnight......I would have prefered to "see" the big boys enter agressively from the open and trade progressively higher all day
very small gap in overnight data at 62.50 and 64 even...so IF ( and thats a big IF) I can get short I'd like to see them go clean that up....
EZ to get short with Ben speaking LOL :)
mini cycle low bottoming here. (ps: i keep getting 1264.50 as a key number).ORDER TO BUY 2 @ 1267.25
COVERING 1269.00... ill watch the open
Stopped @ 71...I didn't fell as good on that one with the markets almost 60points off there lows.
Bruce if you split the red lines it called the high i.e. 1261 sq root +.125 squared = 1269.89 RTH high was 1269.5