BR
BruceM
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Posts: 19,895
32.50 - 35 is my sell zone post report..beyond that I would only look above the 40 area for fades.
BR
BruceM
Rep: 216,211
Posts: 19,895
this 5 minute doji may be too obvious...will sell above there if broken
BR
BruceM
Rep: 216,211
Posts: 19,895
this is 6th bar up ..nearing the plus 4 - 5.5 and 40 - 42 is key zone...so selling
JO
johnpr2010
Rep: 2,285
Posts: 274
Would be looking very close to 45.50 it could pop to that area and see sellers forcing it as the resistance zone, since that is the 4.23% of the initial O/N movement.
BR
BruceM
Rep: 216,211
Posts: 19,895
love getting aggressive above obvious doji bars...mentally we get all those traders who got short at the doji close thinking that they caught the high because of the doji...so when they run the highs those traders cover for a loss...but it usually doesn't bring in any real buying initially on the first break...
but sill us shorts aren't out of the woods yet...I'm trying to get to 36.50 for finals...as low volume is there...and that is retest of the ON high.....not concerned about GAMBLE trade as we keep that in perspective and usually cover that fast when wrong so we can think clear for core trades which we are in now
That double top isn't a big confidence booster for us shorts especillay since it is the hour high but in this diminished volatility we are seeing more of those hold...
but sill us shorts aren't out of the woods yet...I'm trying to get to 36.50 for finals...as low volume is there...and that is retest of the ON high.....not concerned about GAMBLE trade as we keep that in perspective and usually cover that fast when wrong so we can think clear for core trades which we are in now
That double top isn't a big confidence booster for us shorts especillay since it is the hour high but in this diminished volatility we are seeing more of those hold...
BR
BruceM
Rep: 216,211
Posts: 19,895
runners stopped and trying new campaign from the plus 4...but my plan is to sell near 42 if it comes...that is a better area for me
KH
khamore1
Rep: 593
Posts: 216
we are going up without volume, the advancing issues of the last 3 days still lagging the 5 and 10 days. in my opinion when the price goes down it will go fast unless long time frame buyers will step in,
Bruce any comment?
Bruce any comment?
BR
BruceM
Rep: 216,211
Posts: 19,895
38.50 is the price to beat for us shorts..trying to target 37.25...selling any new highs will use 38.75 as a target...
PA
PAUL9
Rep: 14,898
Posts: 1,170
don't give up, bears
small sample size, but history is history...
friend informed me of a study, better than expected NFP (+100K better than expected) with 1% gap up at open, average of 3 occurrences is close for the day BELOW the Open by average 0.58%, if this slim history repeats, potential for an "average" close for today would equate to ES 1328 for today.
your videos are great, Bruce. much better to "see" it
small sample size, but history is history...
friend informed me of a study, better than expected NFP (+100K better than expected) with 1% gap up at open, average of 3 occurrences is close for the day BELOW the Open by average 0.58%, if this slim history repeats, potential for an "average" close for today would equate to ES 1328 for today.
your videos are great, Bruce. much better to "see" it