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TonyC
Rep: 99
Posts: 471
nice move off the 885-83 area.
.236 .786 , spike line hit, TRS at the 1.27 ret, warning line, extension gap on open, 100% show of strength going into area AND super cool triggers...too many things coming toghether at that level to pass up .I've loaded up on the SPY puts near 83...we'll see if this plays out to be a new trend down. But so far I assume we aren't the only ones seeing 883 as significant...we see it , they see it , the program robots see it...But it's all random. But who cares as long as it moves money can be made.
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TO
TonyC
Rep: 99
Posts: 471
the 883 area also gives good context to support short side setups...I doubt we'll get a good wave2 for addons as of right now. The move from the 11:15am peak gave plenty of abcd setups along the way on the smaller time frames, 2min and 34/55/89tick charts, for daytrades.
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JI
jimkane
Rep: 3,058
Posts: 33,089
Now we have two topics for today... :-)