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ES SRs and Fibs 11/16/11


Below is a 60 minutes chart with the S/Rs for night and day traders.
Notice that we have the same set-up as the previous session. Above 1255.75 I will be buying and focusing on uptrend.
if, below 1251.25, I will be selling and focusing on down trend.

The market has the last word and in due time will show us the real deal in dollars and cents.-.

Right now, next hours, next days, next weeks, next months and next years to come, I see for you the same I see for my self: Having the very best of luck, fun, awesome, and incredibly profitable trading experience!!
Click image for original size
sp 500 es 60m 111511 set up for 111611 before the fact
If moving back up, objective at 1254.50 morning's high and possibly O/N high 1258.75 (78% kiss of death!) lol

Now trading 1248.50 @ 12:32
That 1254 area is gona be tuff to crack. needs lots of momo to move above it. consider partial profits there. Price now testing 1251.25 resistance.

Now trading 1251.75 @ 12:41
One more test at 1251.25 as resistance if fails to move above then I will go short.
Now trading 1249.75 @ 12:52
Originally posted by sandoxe

That 1254 area is gona be tuff to crack. needs lots of momo to move above it. consider partial profits there. Price now testing 1251.25 resistance.

Now trading 1251.75 @ 12:41
I think this is a power coil, (60 minute chart) once explodes, it's gone! Some times there's a good zigzag before it goes. Power coils are usually found before news or fed's meetings.....
Time for some delicious lunch! hmmmmm

how was it,sandoxe?
hmmmm lol
Originally posted by vasuki

how was it,sandoxe?
seeing that 10 handle move from 1246.8 sandoxe
Good momo! break true 1254, now moving towards 1259. Very cautious here. Needs lots of momo to overcome 1259/60

Now trading 1256.25 @ 13:45

Originally posted by sandoxe

That 1254 area is gona be tuff to crack. needs lots of momo to move above it. consider partial profits there. Price now testing 1251.25 resistance.

Now trading 1251.75 @ 12:41
Nice!! Congrats!!

Originally posted by vasuki

seeing that 10 handle move from 1246.8 sandoxe
Originally posted by vasuki

yes actually got tweet from Geithner!!!!!!!!!!!!!!!!!!!!!!!!!

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factory said the banks were at serious risk, they missed reporting the downgrade some how ..