Sure doesn't seem like anybody is ready to buy today....I'm planning on selling any push up today..especially if they have the power to push it over 73..even on a report up spike..

63 - 64 seems likely to be tested..in general the ON session extremes will be very important today

Originally posted by phileo

Originally posted by BruceM

lets see if this hour range breakout can fail for us.....big zone above....official breakdown started at 74.75 in ON last week!!

I went back to check on that....
it was 6/28 (sunday nite session).
1074.75 became resistance eventually in the RTH session.

Great memory Bruce!

I see a selling tail at 1069. Potential failed breakout here, if so, we should see even a failure to hold RTH lows 1064.5

Originally posted by PAUL9

phileo,
you didn't come off sarcastic or rude, don't be ridiculous. I do the same thing, at the end of the week I say to myself, who really made the money this week? And do you think they're going to want to bank roll it ahead of the weekend.

I think it's only the roaring bull markets that press it higher on Fridays.

just another point of view: weekly shorts that are underwater may have to come in and cover to push the price higher... just a thought

Originally posted by pt_emini

Originally posted by pt_emini

took the 0.786 retrace (1069.00) for short entry...

hoping now we don't visit 1070.50.

stopped out for a loss at 1071.00

bias still short, so will wait for a lower high to try again.

Hi PT

I was trying to follow what you have done so far.
Went long and then closed it?
Went short and then closed it?
now waiting to go short?

..................

just entered short 1068.50 (target was 68.75), tight stop up at 70.00

Originally posted by blue

Originally posted by pt_emini

Originally posted by pt_emini

took the 0.786 retrace (1069.00) for short entry...

hoping now we don't visit 1070.50.

stopped out for a loss at 1071.00

bias still short, so will wait for a lower high to try again.

Hi PT

I was trying to follow what you have done so far.
Went long and then closed it?
Went short and then closed it?
now waiting to go short?

Yes, Yes, Yes (just entered short)

Thanks PT

Congratulations Phileo... u got the projecting call of the week....Tuesdays low plus the 3 WAR you gave is 1070.75 !!!

Well done.....!!!

Sure thing Blue, sorry for the confusion in my postings.... this morning's open was pretty choppy, thus the back and forth on the direction. Generally I prefer to pick a direction and stick with it for a few hours.

ledge at 67....multiple 5 minute lows

think it'll get to 1075?