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TonyC
Rep: 99
Posts: 471
yesterday's last hour pop was not a legit pop, imo..just some late day covering I think...and im glad i closed on the high tick of the close.
Now, this could go to the DT areas next as suggested by Jim.
JI
jimkane
Rep: 3,058
Posts: 33,089
They got 89, now the swooooooosh? Or the snap back?
TO
TonyC
Rep: 99
Posts: 471
im short futures off 95 but im wondering if it's worth playing puts over the holiday weekend??...
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jimkane
Rep: 3,058
Posts: 33,089
Great question, T. My spot for puts was way higher. This could be a possibly great entry if it plays out, but if it needs a bigger correction first, this is a tough spot with ready-made heat coming. I'm not sure if the odds are good enough for me to initiate here... Just my two cents.
JI
jimkane
Rep: 3,058
Posts: 33,089
Like I said, I've never seen 'trendline creep' fail.
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jimkane
Rep: 3,058
Posts: 33,089
880 and 883 are the next areas I have to watch. But time is almost up...
JI
jimkane
Rep: 3,058
Posts: 33,089
I have a key line here at 85ish area.
JI
jimkane
Rep: 3,058
Posts: 33,089
POC here, too.
JI
jimkane
Rep: 3,058
Posts: 33,089
After cash flush to the lower areas, or is that it?
JI
jimkane
Rep: 3,058
Posts: 33,089
Staying patient.
JI
jimkane
Rep: 3,058
Posts: 33,089
82 half VAL with my lower area...
MA
Mats
Rep: 100
Posts: 262
Thanks for that comprahensive explanation for the entry !

Mats