2 replies to this topic

[dTraderB]

Those are my important levels, for now. 

Other important levels further away from the market, at this time, are 2730 and 2700/2690 (thick zone - look back at your daily S&P chart to see why)

 

Remember the S&P hit 2681 overnight, that's 31 points from where it is now, 2713 !!

Looks bullish, at this time, but this market moves quickly so anything can happen.

[Shaggies_View]

I would have liked a good test of the 2681 level at the open

[dTraderB]

I also would have liked to trade from the that low but you got to admit this is still a very resilient market and there are still too many buy-the-dip-pers.

However, asl long as the S&P remains below the post-cash high of 2789 then the bias is towards the downside. 

 

I am not ruling out a close today below 2680, that is, a new low today.

 

I am bearish medium-term but go whichever way the market goes in my daytrading.