Who cares about the macro stuff , right? Traders want to know about the next few hours. Currently we are in a negative posture as we proceed to the open.
trying to sell 3610...probably too late
now on a sell (30 min).. and indicators have room to move! Black avg of cumulative ticks is around -600
i`ll be a seller at 3599.75
thats why i use an initial stop of 10 points... one tick away! Iguess i should bail out at breakeven or close but ive gone this far so i will hold short for now.
suopped and watching
I willt try again at 3622. if it gets there
From Stocktraders Almanac: Best Six Months Up 18-0 Midterm Years - Going back to 1950 the Best Six Months has is best performance from November of the Midterm year to April of the Pre-Election year, by a factor of three. And none of the other years of the 4-year cycle had zero losses.
stopped out for a 7 point loss. The es just broke a small trendline and ticks remain strong here so bulls have more power than i thought.And of course the Mon-Tues low could already be in.
Imust say the rebound from the Mon-Tues low has been impressive, but we`ll see if ppi affects it tomorrow. In the meantime im content to watch although any move down to 3617 gets me long.