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
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!
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.
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
