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    MonkeyMeat
    Rep: 12,738
    Posts: 1,334
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    Here's my Price Action S/R levels in Red with minor ones in Magenta. It's on a 30min bar ES chart. Sunday night's mkt just opened when I snapped the screenshot. Also, there's an upward sloping trendline in Cyan fwiw.

    Click image for original size
    KO
    koolblue
    Rep: 48,651
    Posts: 16,032
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    Originally posted by koolblue

    FWIW.. IF I WAS LONG ASCALP FROM 1181.00 ,ID TAKE PROFITS ON HALF HERE AT 1186.25 AND LET THE OTHER RUN ..looking for just under 1190.25 for an exit... sigh!!!

    BINGO DAMMIT!...lol
    KO
    koolblue
    Rep: 48,651
    Posts: 16,032
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    Well, at least i got a little today.. sold 1190.00 and covered 1188.50, whopee!...
    Click image for original size
    KO
    koolblue
    Rep: 48,651
    Posts: 16,032
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    Fwiw... is she wants a small correction before the end of the day , when the 2.618 (1192.75) is achieved, it frenquently goes to the 1.618 , in this case 1187.75 (call it 1188) ... see ya tomorrow gang!
    PH
    phileo
    Rep: 3,062
    Posts: 520
    2
    Originally posted by day trading

    Originally posted by phileo

    Forgot to mention that it's mutual fund monday, where over 76% of all Monday's since Jul/09 have closed > open. Today's open=1186.

    I assume the theory here is that Mutual Funds are buying on Mondays. Why would Mutual Funds being doing that now, or at least over the last 9 to 10 months?


    I don't have any evidence to suggest that Mutual Funds are buying every Monday, but it does help explain that undeniable stat.
    Even after a significant event like the GS lawsuit, ES will likely close > open today. Odd, no?

    Quite the nice recovery today, SPY uptrend still intact on the daily.
    Looks like they might try to run some stops 1193 into the close....
    PT
    pt_emini
    Rep: 5,707
    Posts: 1,940
    1
    (Edited )
    Originally posted by phileo

    Originally posted by day trading

    Originally posted by phileo

    Forgot to mention that it's mutual fund monday, where over 76% of all Monday's since Jul/09 have closed > open. Today's open=1186.

    I assume the theory here is that Mutual Funds are buying on Mondays. Why would Mutual Funds being doing that now, or at least over the last 9 to 10 months?


    I don't have any evidence to suggest that Mutual Funds are buying every Monday, but it does help explain that undeniable stat.
    Even after a significant event like the GS lawsuit, ES will likely close > open today. Odd, no?

    Quite the nice recovery today, SPY uptrend still intact on the daily.
    Looks like they might try to run some stops 1193 into the close....


    Here are the current stats on MFM...
    DA
    day trading
    Rep: 39,586
    Posts: 6,369
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    Thanks for the link pt_emini. In case anybody wants to track this over a longer period of time I've started a topic here Mutual Fund Mondays.