Et tu 1215?

30.75 previous high
parabolic move up
reversal possible(severe) at any point
flying pigs?
38% retrace from YL-RTH is currently 1215.5

38% is 1219-sorry

today's POC shifted down

rburns
current 88.6 level is 1230.75 from YL
I wasn't aware of rules(I've been studying it thanks to Roofer)
are they absolute rules or guidelines that vary?
If there are rules can one read them here?

Something to keep in mind is the 1227.25 high from 10/19. Some support there.
Right now the ES is testing 1229/1231 S/Rs and looking for support. So, 1230.75 is the base S/R to play from.

Will see, In due time the market will show us the way.

ES trading 1231.00 @ 11:34 E.T.

Originally posted by sandoxe

I was thinking of a scenario we painted here Wednesday but did not played then. That scenario is unfolding now. The numbers are still the same. 1236, 1244 and possibly higher. The market must hold above 1229.00 on any retrace or it will be a sign of weakness and I will be selling!

Will see, in due time the market will show us the way,

ES now trading 1233.50 @ 10:24 E.T.

As always, the market has the last word and in due time will show us the way.


Right now, next hours, next days, next weeks, next months and next years to come, I see for you the same I see for my self: Having the very best of luck, fun, and incredibly profitable trading experience!!

Looking back... Br BigWig may have entered at 10:31, but may have exited at 10:34. So not clear if he is still in the game.

Also good news from the Eurozone, so they may just close that gap above fro, August 4

Lost 30.75,can be exceeded and regained or lost again but R here and now(can be a corrective move above)
might not touch again today?
Tech a vacuum even though indexes up so far
DJI 11775(11650+125)not hit(almost)
11712.5 below-11743 the mean between
It's all about the closing prices of stocks
If 1230.75 holds targets 1119

Very cautious with shorts here bc I think she has one more spike up this afternoon. 1222.00 support.

ES now trading 1225.75 @ 13:03 E.T.

Originally posted by sandoxe

Something to keep in mind is the 1227.25 high from 10/19. Some support there.
Right now the ES is testing 1229/1231 S/Rs and looking for support. So, 1230.75 is the base S/R to play from.

Will see, In due time the market will show us the way.

ES trading 1231.00 @ 11:34 E.T.

Originally posted by sandoxe

I was thinking of a scenario we painted here Wednesday but did not played then. That scenario is unfolding now. The numbers are still the same. 1236, 1244 and possibly higher. The market must hold above 1229.00 on any retrace or it will be a sign of weakness and I will be selling!

Will see, in due time the market will show us the way,

ES now trading 1233.50 @ 10:24 E.T.

As always, the market has the last word and in due time will show us the way.


Right now, next hours, next days, next weeks, next months and next years to come, I see for you the same I see for my self: Having the very best of luck, fun, and incredibly profitable trading experience!!

are there any news?

1223.75
open at 1225.50
only upside I see is a diagonal where 4 can cross back into wave 2 range
something to keep in mind if that's as low as they can run em
1223.75 still the key level here
1219 target not hit
see if this level can hold-27-28 and gap level
watching the Cash for 1230.75 to be lost or held

Thx Duck, I think 1230 was a very reasonable exit.. I didn't see any resistance@1235 or thereabouts... though LV, it was a fresh BO.. but the 10pt move from opening and a short to 1230 sound reasonable...

Have a good weekend all!