es short term 10-5-10

biggest thing to watch is if volume comes in above YD RTH high trspping shorts...otherwise they will drift it back to the 41.50 magnet.....


above is 46.75 and that old micro gap at 49.75...we are still


connsolidating...I'd be surprised if 41.50 doesn't print in RTH today

Report at 10 am...good volume at 39 area so the 39 - 41.50 will be key support and O/N air pocket there

watch 4 fake if they run that high

or breakout to 1163,not seeing any confirmation for it yet

agressive shorts for me now at 54...this is new campaign...51.50 is first target....57.50 will get me jittery

they don't usually leave two sets of single prints and we still need the previous low retests...but from how high up????....56.25 is my add point if it prints...cautious for obvious reasons

54.5 = 62% extension of yesterday's range

Is it Paul's 61.8 of Monday RTH = high odds of 100%? if hits 54.5 then likely 61?

pullback to 1151.5 for retest would be nice, only about lunchtime

Originally posted by chrisp

Is it Paul's 61.8 of Monday RTH = high odds of 100%? if hits 54.5 then likely 61?

Yes, but there is no specific time limit except that it will happen before the close of the next Monday.

Usually, it occurs the same day.

Smetimes there is a retracement to test the H of Monday (1144.00 RTH high)

es is only market of the 3 over last thursdays highs....

If pulls back to 1149 then I will go short on the rebound for at list 1144 support. If not move down to 1149.00 then it will have me working towards 1163.00, May not be for RTH

new 10 and 20 day highs in S&P and advancers over decliners somewhere close to 6 to 1.....huge closing $tick...doesn't seem that there can be much power left for a big move tomorrow UP...


keys for me are 56.50, 51.50 and 46.50....a run above highs will try for the 61 - 63 area but not expecting that...hopefully just a slow drift down..