36 replies to this topic

[zoropb]

The overnight did go over the 93.50. For my work it means 1 of 2 things: a. we have the potential for a new leg up or b. we fail up here perhaps the high was made at 94 a little while ago and just waiting for cash to print its high before continuing with next low print. It came down to our current poc. 1690.25 so, intra-day st odds have been used up (for now) and we used up a lot of real estate from the prior night to today so unless some news this morning tips the scale we have serious issues lower that need resolving and its not going to take a few days of decline either (well it could but I do not like to even say that word). IF your long you want to see the 90.25 keep holding and not see 86.50 print before going higher. If we do head lower after the cash opens and prints then we could be back up to 1690 area again by say Thursday. I was not kidding about chop suey on the plate for a while. Odds st (as in a day or or into tomorrow) is a short with a 94.25 stop. Target new lows a couple points of risk to 18+ down.

[zoropb]

news 8:30, 10am and 12:45 Fed speaker.

Edited by zoropb, 13 August 2013 - 07:26 AM.

[zoropb]

have a small pit stop around 88.25 not looking great we lost the poc.

[zoropb]

longs want to see an attempt and hold the poc for about 15 mins here 90.25+ and not see a failure then 86.50 print.

Edited by zoropb, 13 August 2013 - 07:43 AM.

[zoropb]

closes es daily gap in play is 1687.25 probability of hitting today 70%. now poc 90.25 needs to not lose a 5min bar after open under it. If so likely on its way to close the gap at 87.25. and test for that 86.50.

Edited by zoropb, 13 August 2013 - 08:22 AM.

[zoropb]

Should the 1694 high hold and we lose 1684 also then weekly low print odds come back into play currently at 1670+-5.50

[zoropb]

Again intra-day odds after the gap closed here is back to wait and see the daily odds short still in play to new lows which gets reenforced if 84 goes also with the weekly joining the tour of the south lands. 96.50 also yikes if long. odds getting slim now. Daily odds stops move down to 91.25 so if you took the shorts up there risk is down to a couple ticks in the plus column.

[zoropb]

daily could take profit down here wait for a pop and re-short. looks like they could pop one here for a little bit. Kinda tricky in this spot.

[zoropb]

daily stops now move to 90.75 and poc slips to 89.50

[TMN]

well done big Z!!