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Tomorrow Could Be the Day


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#1 redfoliage2

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Posted 07 February 2018 - 08:36 PM

to retest the recent low.............



#2 redfoliage2

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Posted 08 February 2018 - 08:28 AM

It looks that the market somehow was saved from a big gap down.  Likely a PPT job.  So the bounce still going on................


Edited by redfoliage2, 08 February 2018 - 08:31 AM.


#3 redfoliage2

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Posted 08 February 2018 - 09:11 AM

If the SPX 2720 resistance is cleared this bounce may go as high as 2810.


Edited by redfoliage2, 08 February 2018 - 09:12 AM.


#4 NAV

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Posted 08 February 2018 - 09:13 AM

If the SPX 2720 resistance is cleared this bounce may go as high as 2810.

Did you go long ?


"It's not the knowing that is difficult, but the doing"

 

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#5 da_cheif

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Posted 08 February 2018 - 09:14 AM

If the SPX 2720 resistance is cleared this bounce may go as high as 2810.

this bounce/?  heck of a bounce     theres no retest of the lows.......the lockout over nite off of 2629 was done just to keep the unlongs   unlonged   snort



#6 redfoliage2

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Posted 08 February 2018 - 09:18 AM

 

If the SPX 2720 resistance is cleared this bounce may go as high as 2810.

Did you go long ?

 

I covered my ES short last night and went with ES hedged long. 


Edited by redfoliage2, 08 February 2018 - 09:22 AM.


#7 redfoliage2

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Posted 08 February 2018 - 12:56 PM

Testing the recent low is in process.  Let's see if the low will hold by the close.  It's possible for a higher low though.

I closed my hedged long earlier with a small loss.


Edited by redfoliage2, 08 February 2018 - 01:02 PM.


#8 redfoliage2

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Posted 08 February 2018 - 01:22 PM

If we see an intra-day reversal it's most likely the testing is done and be ready for a bigger bounce Friday.


Edited by redfoliage2, 08 February 2018 - 01:23 PM.