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ES SRs and Fibs for 11/17/11


Below is a 60 minutes chart with the S/Rs for night and day traders.
Above 1233.75 I will be buying and focusing on uptrend.
if, below 1229.25, I will be selling and focusing on down trend.

Notice that in the chart there's a wedge and the measurement objective is down at 1205.00. Will see if it give it to us.

Later I will post the follow up chart for the 11/16/11 sessions. I try to play both sessions but by 14:00 I was too tire. lol

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 60 minutes 111611 for 111711 before the fact chart
may go to 1220 for a short to 1198
Nice call there so far.
What is that in the 10 minute chart? a triangle? wedge? what do you call that? If moving to the down side, then Vasuki got 1198.00
Oops, just went the other way!
ideally this bounce needs to see 1219 and fall 20 pts to complte 5th
but ideal things dont happen with options expiring soon
Possible. I was thinking 1216.00 or so. Will see if give us the set-up
My current line in the sand

Click image for original size
2011 11 171507
does anyone know what precipitated the market slide at noon?
Vasuki, is that 2 of 5 down? 2 minute chart
Looks like we're gonna chop around in this lower distribution rest of the day. Lisa, don't know what caused the slide
Thx DT. In the world of trading, votes are the list of my concerns.
I do need it to clear that up today. People are going to come with "their secrets" But what they don't know is that in the trading industry, there no secrets. I assure you it has being done before!
But new people don't know that, and they are gullible and they think that that's the magic bullet LOL Till they own it and find out that it was not!

I love what is taking place, so much learning, in every direction...........

Thank you again DT.