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BruceM
Rep: 216,211
Posts: 19,895
some levels as we go forward....downside only..wishful thinking perhaps as the world seems on bullish. Ranges are fairly small so zones are tight...not much room from level to level


1213.50 - 15.25 - VPOC and spike initiation point ****** key support for friday,,longs don't want it to open below that on Friday morning!!


1207.50 - 09.50 Thursdays RTH open and low volume

1202 - 1204.75 - VPOC from Thursdays ON session

1197- 98.75 Gap and VPOC from ON

87 -91 VPOC and low volume - may rotate here a bunch to fill in the profile

84.50 - low volume area begins and HV from composite



78 - 81 ***** major support , the center of the universe....we have been watching this number for a long time
LO
Lorn
Rep: 16,037
Posts: 1,406
Odd Pending Home Sales announcement moved to 12:30
BR
BruceM
Rep: 216,211
Posts: 19,895
yes MM..so keep selling rallies !!!
BR
BruceM
Rep: 216,211
Posts: 19,895
hoping to sell new high and 23.50 if it prints...25 is key RAT!!
PR
prestwickdrive
Rep: 2,057
Posts: 1,098
Kool's Tools projection off retrace to 17.0 (17.0-19.25) gives 24.25 projection, fwiw
MO
MonkeyMeat
Rep: 12,738
Posts: 1,334
This Viagra Market needs a Maalox Moment. Just watching the DOM (tape reading) ... heavier and more persistent/consistent buying came in and any time the bids were pushed down a tick or two, they'd pop right back up to where they were within a second or few, while most upticks on offer side were not answered in the same fashion. And there was consistent trading going off both at the bid and ask...

so I cut out of 2 different short positions early with small losses. Don't know if this is going to continue, but the grind up seems to have a lot of helium in it and I don't have any resistance levels above to work off of and no immediate AIR below.

If mkt holds above the Daily R1 and ON High = a Maalox Moment for me!
BR
BruceM
Rep: 216,211
Posts: 19,895
trading for the 21.50 retest...they may need to print the 25 RAT first though...23.75 is 5 points above YD RTH high...a likely shake out point...
LO
Lorn
Rep: 16,037
Posts: 1,406
FWIW and an interesting data point.

1129.41 is the .618 retracement in the cash S&P500 of the entire decline from the 2007 high to the 2009 low.

Currently sitting at 1226.24 in the cash.
BR
BruceM
Rep: 216,211
Posts: 19,895
official 30 minute single prints under this 30 minute bars low.....volume drying up on this bar should lead to the retrace down a bit
BR
BruceM
Rep: 216,211
Posts: 19,895
heres how that looks in my world and why the short is working...so far !
Click image for original size
MO
MonkeyMeat
Rep: 12,738
Posts: 1,334
Originally posted by prestwickdrive

Kool's Tools projection off retrace to 17.0 (17.0-19.25) gives 24.25 projection, fwiw

Nice ... within a tick of the high of the first semi-decent pullback. Would be nice to see a chart with that next time. Keep it coming!!
LO
Lorn
Rep: 16,037
Posts: 1,406
Average True Range for RTH I'm currently showing 15.80 ES points. We are now 17.75 points.