TR
TraderF
Rep: 264
Posts: 51
interesting.....1201.50 is todays R2 and the 62% retracement from the ultimate high to yesterdays low. Also, 1202 is the Weekly PP.
TR
TraderF
Rep: 264
Posts: 51
might we be filling some "space" before a continuation move down?
Technically i can make more arguments down, but i don't really believe it. Anyways, i'm getting mixed signals if we go higher from here or lower. waiting for some clear signs but cautious.
Technically i can make more arguments down, but i don't really believe it. Anyways, i'm getting mixed signals if we go higher from here or lower. waiting for some clear signs but cautious.
BR
BruceM
Rep: 216,211
Posts: 19,895
So now that bigs are off we have the HTP at 97 so this overnight high is critical for early trade...It's also part of our zone .. I have LVP at 95.25 and 93.50 which goes well withthe midpoint and a natural target in the RTH
MO
MonkeyMeat
Rep: 12,738
Posts: 1,334
Originally posted by TraderF
interesting.....1201.50 is todays R2 and the 62% retracement from the ultimate high to yesterdays low. Also, 1202 is the Weekly PP.
I've also got a price action minor resistance level at 1201 fwiw. If looking to short, could be a decent zone for a reasonable risk/reward trade.
BR
BruceM
Rep: 216,211
Posts: 19,895
I'm trading for th e97 to be filled in with RTH..so I'm adding to shorts....LTP from day session...AIR!!
BR
BruceM
Rep: 216,211
Posts: 19,895
so far they sure don't seem to be liking that overnight high...I'd like to see 93.50...that would be cool...
MO
MonkeyMeat
Rep: 12,738
Posts: 1,334
short 98.50 and looking for 93-92 hopefully ... to close gap to yday's RTH high
MO
MonkeyMeat
Rep: 12,738
Posts: 1,334
YM bouncing off 11050 and NQ both have a decent overnight uptrend ... ES can't seem to break below the R1 ... was looking for a relatively quick break down below it. Out and on sidelines and looking to potentially short a few points higher although my bias may shift long depending on the price action if/when runs out the overnight highs
BR
BruceM
Rep: 216,211
Posts: 19,895
trading and adding shorts for the 99.50 retest....amazing how the day sometimes changes
RE
redsixspeed
Rep: 4,111
Posts: 1,711
Originally posted by redsixspeed
Originally posted by redsixspeed
Maby EOM profit taking tomorrow; then back up next week.....
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Looks like the first part; profit taking; is right on.
We'll see if we go back up next week, maby start back
up in the globex session Sunday
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Well they took their profit and went right back up..lol.
