Thought I'd post profile for Monday/Tuesday along side last weeks profile. These are RTH only profiles. Quite a few unfilled gaps over the last several trading days. Have we found an important bottom here or more downside to come?
BR
BruceM
Rep: 216,211
Posts: 19,895
Numbers I'm watching based on volume
1300
1295
1291.50
1284 ***
1281
1275.50
1268.25 - 1270 *****
1262
1254 - 1255
1300
1295
1291.50
1284 ***
1281
1275.50
1268.25 - 1270 *****
1262
1254 - 1255
ST
Stevo
Rep: 98
Posts: 10
More downside to come. The bears are in control due to world events. A trend is a trend. I will continue to sell most resistance levels you smart guys post - 17 straight the last 3 days. What gets tough is being disciplined enough to not chase it down. Last trade was selling tonight 1277.50 and taking profits at 1274, and then it drops to 1271, darn it. So flat now, hoping it rallies again. Will short again a single O/N contract at 1277.50; will add at 1283 if it gets there. But 1276 just sold - should have followed Lorn's 1275.75 and BruceM's 1275.5. Oh well, live and learn; will be patient to hit my target later.
ST
Stevo
Rep: 98
Posts: 10
After that small scalp, covering my 1277.50 short at 1276, still flat now O/N. Headed to work. Placed a short at 1283 hoping it hits today in RTH. Otherwise on the sidelines today. Good luck trading.
BR
BruceM
Rep: 216,211
Posts: 19,895
I'm liking the 75.50 retest in early trade today.....prefer to buy into declines unless we get a 30 minute close under 1268 to get stopped out
OP
optimusprime
Rep: 1,350
Posts: 147
here' my chart, as you can see it's consistant from the post 2 days ago. in my opinion we are at a key Fib level 61.8% retrace and i would expect a fairly choppy day today. My morning, i think we will sell off at the open to 69-65 then rebound to a possible 1283. time will tell but that's how i will trade it today.
BR
BruceM
Rep: 216,211
Posts: 19,895
starting longs at 71.25 ...75.50 is ideal target...having some slight data problems with IB


