We just started a 4 day cycle. They're buying the open at 8:40 and selling the close at 14:40 where they can. I notice seller's satisfaction at a corner to corner at 55 in want to test 36 but 42 should hold.
They're buying the dip.
I have a swing projection to 902 where time and price will square at exactly a throw over next Wed. the 29th at close 14:40.
Let's check it out.
BR
BruceM
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vwap at 57 is my first target ..hopefully the one tick IB sellers coming in strong on this divergence
SP
SPQR
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I wish I kept 55. lol But really there was no reason to keep it from my angle. 65 should look good short.
BR
BruceM
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added at 62.25...not liking this low volume rally...58.75 needs to be the target..that 65 spqr goes well with my plus 8 - 10 point target from the open...
MO
MonkeyMeat
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63.00-65.00 looks like potential good short area ... but this mkts showing strength and the $VOLD keeps moving
up. If that area doesn't hold here, then next stop 70. A number of plus $TICK extremes are hitting +800 on my software ... would like to see a bigger spike on that for a short. have a midline of a regular trend channel on 30 min ES chart here at 63.50
up. If that area doesn't hold here, then next stop 70. A number of plus $TICK extremes are hitting +800 on my software ... would like to see a bigger spike on that for a short. have a midline of a regular trend channel on 30 min ES chart here at 63.50
BR
BruceM
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agree MM...I only know they will retest a previous 30 minute bar low but from how high up is my concern on this fade...plus 8 to the tick so far..but sure seems like the dreaded drip upward
SP
SPQR
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863 TICK broke hard. VOLD's leveling off and 40 mil. shares below standard. I'm liking short 65. Anyone up on if we're trading above VIX's 10 day average? I haven't updated in a while.
BR
BruceM
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pairing down at 61.25....basically lightening up in case they want to test highs after this single print test
SP
SPQR
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I think we just saved a crash.
All we know are two things: we're trading on top of bear price satisfaction before they broke to test, and bounced 3 points above it.
I can get pretty creative with my trend lines, and have received some flack here in the past for it, but below are my diamond and by hand Gann Fan.
I think it's more than probable we'll double top and base and turn right around and test 823, for two reasons: We just broke-out of an angle that's going to revert and sellers are satisfied everywhere.
I'm in the camp per longs trading above 67 for options and positions, but it's a fair guess to suggest we'll chop in weekend trading and they'll buy the open.
I don't have a target yet.
All we know are two things: we're trading on top of bear price satisfaction before they broke to test, and bounced 3 points above it.
I can get pretty creative with my trend lines, and have received some flack here in the past for it, but below are my diamond and by hand Gann Fan.
I think it's more than probable we'll double top and base and turn right around and test 823, for two reasons: We just broke-out of an angle that's going to revert and sellers are satisfied everywhere.
I'm in the camp per longs trading above 67 for options and positions, but it's a fair guess to suggest we'll chop in weekend trading and they'll buy the open.
I don't have a target yet.

