anybody selling above 1022 today?

I'm trying.....higher risk.....gap at 1115.50 on the one minute and lots of "air"........plus 8 - 10 zone on a gap....

Hi Bruce,

This week I took off to recharge my batteries, so I woke up late and the move had already been to the high of 1027.

One thing I noticed was that if, at open, I realized the day would be an "upslash" day that is the low was at the open or close to it, then if one adjusts the Fib numbers by +6, you get 1027.25 at 100% {versus 1027 which was the actual high}.

I computed the +6 by:
12.75-6.75 where,
12.75 = Yest Mid- Today's open {i.e Yest Mid=1001.00, Open=1013.75}
6.75 = 1/2 yesterday's range

Yesterday's numbers before adjustment were:
(see http://www.mypivots.com/dn/?symbol=189)
Fibonacci Retracements and Extensions
425% 1065.25
262% 1043.00
162% 1029.50
100% 1021.25
62% 1016.00
HIGH 1007.75
62% 1002.50
50% 1001.00
38% 999.50
LOW 994.25
62% 986.00
100% 980.75
162% 972.50
262% 959.00
425% 937.00
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After adjustment of +6:
Fibonacci Retracements and Extensions
425% 1071.25
262% 1049.00
162% 1035.50
100% 1027.25
62% 1022.00
HIGH 1013.75
62% 1008.50
50% 1007.00
38% 1005.50
LOW 1000.25
62% 992.00
100% 986.75
162% 978.50
262% 965.00
425% 943.00

If the day is a downslash then you subtract 6
and if its a flat direction then you add 12.75

For upslash, downslash and flat I am looking at the chart before opening. Though this is too late for your question, I hope you find it interesting.

Just bought some SPY 103 sep puts @ 2.34 ES @ 1034, although am long the ES at the moment looking for 1035.25 with a stop @ 1030.25. I do believe we will put a high for the week in sometime today.

quote:

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Originally posted by CharterJoe

Just bought some SPY 103 sep puts @ 2.34 ES @ 1034,

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Sold 1/2 of those @ +0.40 Holding the rest for +0.80

Sold the rest @ 2.80 a nice move on those options no need to hold overnight for an extra 20 cent...plus 30min RSI already below 50. got 47 min might buy some calls before the close.