Lot of large scale (M60, M120) sets are interesecting in 34-37 range.

Key SL here, so if they want to come in, now would be a nice time. Of course, as always, I'd prefer they take like another 20 off before the close.

But I expect they will try to bounce it here.

Almost 30 points down from the after announcement mini-pop. Hard to believe.

maybe, maybe not.....a lot of pressure has been building up for about a month.

meanwhile, here is a perfect example of where the bear abcd set up against the long trade off the morning .886 at blue arrow and says to stand aside. Magenta set is the bull trade - price never hit the median line, instead ran into the bear abcd at .382 - yellow arrow. This is one of the best ways to know if a trade is setting up against you. The target is the prior low, which would be median line area, but notice how price went all the way to the meeting of the lower lines.

Time to be long now? Super hard core long? I'll be happy with the short, and not look at long right before the RTH close after a 37.50 point drop (by my data), if that's okay.

That's great stuff, rat. The really interesting thing about that roofer 'ABCD sets up against you policy', is that a very skilled trader can still play these, up to the ABCD, then cap that play and play the ABCD.

Originally posted by rat89

maybe, maybe not.....a lot of pressure has been building up for about a month.

meanwhile, here is a perfect example of where the bear abcd set up against the long trade off the morning .886 at blue arrow and says to stand aside. Magenta set is the bull trade - price never hit the median line, instead ran into the bear abcd at .382 - yellow arrow. This is one of the best ways to know if a trade is setting up against you. The target is the prior low, which would be median line area, but notice how price went all the way to the meeting of the lower lines.

Click image for original size

and look where they parked it into the close.....we could see a big rush of selling into the end of the week as traders who were looking up are caught off guard here

that was basically my day. I was surprised at the weakness. Note that spy tried hard to get back into the first hour range 2-3 times. Typical fed days have a double or even a triple break. Today price hit its head on the first hour low area, right up to the fib zone and rolled.

Originally posted by jimkane

That's great stuff, rat. The really interesting thing about that roofer 'ABCD sets up against you policy', is that a very skilled trader can still play these, up to the ABCD, then cap that play and play the ABCD.

[quote]Originally posted by rat89
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Hey, didn't someone in here say something about 1980 next stop... I'll have to look back at the posts.

Cool day, rat. Too bad we are it, but at least we are here. I can't get over the potential opportunities, and the movement. This market is incredible. Once the SHTF we may see 100 point swings multiple times in a day. Wow.

The linearity of that 200ma is just crazy stoo-pid, isn't it?