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Best Chance for a Pullback


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#1 OEXCHAOS

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Posted 14 December 2017 - 10:24 AM

We've got the best sentiment set up for a pull back that we've seen in a long while. Of course, the seasonality isn't that great (ok, it's rotten).

 

My thinking is that we'll pullback, but the odds on bet is to go long weakness.

 

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#2 salam

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Posted 14 December 2017 - 11:49 AM

I'm stubborn, and want my 6 points back from yesterday 

 

Short ES March 2667.4 Stop on HOD


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#3 salam

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Posted 14 December 2017 - 11:55 AM

I'm stubborn, and want my 6 points back from yesterday 

 

Short ES March 2667.4 Stop on HOD

Added 1/3 more @ 2668.4


I'm not sure what my future holds... But I know who holds it.

#4 LarryT

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Posted 14 December 2017 - 12:02 PM

Well, 2663 +/- 3 pts is huge resistance and this is day 10 stalled there so a pullback of at least 3% would not be a surprise


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#5 libertas

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Posted 14 December 2017 - 12:20 PM

5s30 is cliff-diving



#6 salam

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Posted 14 December 2017 - 12:39 PM

 

I'm stubborn, and want my 6 points back from yesterday 

 

Short ES March 2667.4 Stop on HOD

Added 1/3 more @ 2668.4

 

took 1/3 off @ 2665.4 Stop on the rest @ 2670 This is now a free trade


I'm not sure what my future holds... But I know who holds it.

#7 salam

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Posted 14 December 2017 - 12:45 PM

 

 

I'm stubborn, and want my 6 points back from yesterday 

 

Short ES March 2667.4 Stop on HOD

Added 1/3 more @ 2668.4

 

took 1/3 off @ 2665.4 Stop on the rest @ 2670 This is now a free trade

 

 

Well, 2663 +/- 3 pts is huge resistance and this is day 10 stalled there so a pullback of at least 3% would not be a surprise

 

Break of 2660 Cash and I may add... with a plan to cover half 2652 area; I'll def get my money back from yesterday if that happens


I'm not sure what my future holds... But I know who holds it.

#8 salam

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Posted 14 December 2017 - 12:46 PM

5s30 is cliff-diving

L/T Rates will never be this low in our lifetime


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#9 Iblayz

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Posted 14 December 2017 - 01:13 PM

FWIW, SPX cash will have to close at 2659.9 or lower to generate a short term sell signal via my spreadsheets. In view of the season and established targets, I would doubt a big pullback immediately. But, if that were to happen, it would, in my opinion and at a minimum, lead to some sideways up and down action  that could last a few days. Then again, it may be that the boys are positioned for more expiration profits with a lower open in the morning.

 

And in edit, two more things come to mind. One, the failure to close the daily at 2671 or above was a big deal and might be screaming for a retest of 2658.75. The second thing is that gap at the 2642 area. Maybe they gotta go back and pick up some players.


Edited by Iblayz, 14 December 2017 - 01:17 PM.


#10 salam

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Posted 14 December 2017 - 01:40 PM

FWIW, SPX cash will have to close at 2659.9 or lower to generate a short term sell signal via my spreadsheets. In view of the season and established targets, I would doubt a big pullback immediately. But, if that were to happen, it would, in my opinion and at a minimum, lead to some sideways up and down action  that could last a few days. Then again, it may be that the boys are positioned for more expiration profits with a lower open in the morning.

 

And in edit, two more things come to mind. One, the failure to close the daily at 2671 or above was a big deal and might be screaming for a retest of 2658.75. The second thing is that gap at the 2642 area. Maybe they gotta go back and pick up some players.

Seasonality is the key with low volume swings...

 

...failure to take out 2671 is very telling; and although not necessarily a fade; Don W has been posting a lot lately!

 

I'll be grateful for a test of the 2650 area with the market settling back at the close around 2658; break of 2650 although unlikely sets us up for the gap retest as you say; and a ST Sell and chop


I'm not sure what my future holds... But I know who holds it.