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DA
day trading
Rep: 39,586
Posts: 6,370
The ES left 2 single prints above the market on Tuesday at 1272.75 and 1256 even. There's also a single print at 1291.25 from Monday. VAL for today (Wednesday) is 1256.50 which is 2 ticks above the second single print and obviously a place to watch depending on overnight action.
GU
GunwallsArchie
Rep: 60
Posts: 6
no worries! it's all good! I'd give your comments a thumbs up but I can't yet :-)
Originally posted by DavidS
not arguing the points you make, just sharing my take from pure TA
and what I watch in the internals and the way bear markets promote hope in a decline,. hope it helps someone
39.25 and 44 the levels to break and hold for higher
I have multiple fib levels at 1244 and using it as main level intraday today
I use patterns and they can morph
levels remain the sameOriginally posted by GunwallsArchie
true...but what is happening now is 100% related to "fear of the unknown" and there is a lot of fear mongering going on right now. Even if technical analysis dictates that the heavyweights follow suite the fundamentals are not all that bad. With that said, the unemployment reports on Thur. Fri should make things interesting. I'm gonna stay on the sidelines until the dust settles :-)
DA
DavidS
Rep: 3,181
Posts: 557
if downtrend ending would expect at some point 52.25 prior low would hold
a lot of shorts covering I'm sure
57.25 high to break48 area 62%
a lot of shorts covering I'm sure
57.25 high to break48 area 62%
AP
apk781
Rep: 4,392
Posts: 410
fyi, in terms of market profile today is a neutral day since we have broken both edges of the initial balance...according to dalton, we should expect a close right in the middle of today's range (43ish as of now) or close to one of the edges
BI
Big Mike
Rep: 8,097
Posts: 696
Originally posted by apk781
fyi, in terms of market profile today is a neutral day since we have broken both edges of the initial balance...according to dalton, we should expect a close right in the middle of today's range (43ish as of now) or close to one of the edges
Where else could price be but at the middle or extremes?
AP
apk781
Rep: 4,392
Posts: 410
are you serious?
the middle is 43 and the upper extreme is 55.5, so it could end up at 50, and it would not be right in the middle or right on the upper edge
the middle is 43 and the upper extreme is 55.5, so it could end up at 50, and it would not be right in the middle or right on the upper edge
BI
Big Mike
Rep: 8,097
Posts: 696
Originally posted by apk781
are you serious?
the middle is 43 and the upper extreme is 55.5, so it could end up at 50, and it would not be right in the middle or right on the upper edge
You were speaking in Daltonese which references areas as opposed to specific price points. Lots of oval areas of coverage within that.
Price is either at the top or the bottom or by definition you're in the middle.
