Lots of discussion about ticks yesterday.WEEKS ago, i pointed out a relationship that has ocurred with incredible accuracy over the last 5 years. Anytime the closing ticks on the nyse is above 800 a significant decline ensues within two trading days.last time , i noticed this i posted it i think aug. 15.Two days later we hit 1303.50 on the e- mini and slammed down about 40 points.Yesterday i noticed plus 853 near the close!I wish some one could backtest this as i have no capacity to do so. The accuracy seems incredible, but more study is needed to be sure.Im not even sure what we closed at on the ticks , but if it was above 800, look out below!
I love MP notice the break in "B" into the monthly VA, and the "C" followed through on the IB breakout. Covered last 1/2 @ 28 because yesterdays VAL is 29.25 +9 on those...
short 2 @ 1229.50, 3 point stop
out 1226.50 plus 6 handles, up 19 for the day.
Nice kool...there were some singles @ 24.25 from that IB breakout, I'll be buying @ 24.5...long @ 24.5
38% and 50% retrace of pit session at 23.0 and 20.75
Out @ 26.25 +1.75
We have made new lows 4 out of 7 days this month.
selling one only @ 1231.50,4 point stop
Short @ 31...31.5 is date Sq of nine number.
By the way, Joe, theres going to another gap to be filled come Mon. lol!...stay tuned!