ESM 2672/75 first significant target
VIX up 30%
That is not a typo
THE BOUNCE - how high?
Started by
dTraderB
, Mar 22 2018 03:48 PM
7 replies to this topic
#2
CLK
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Posted 22 March 2018 - 05:32 PM
There isn't going to be a bounce, figures, I get a new deposit open for trading tomorrow, and I am faced with chasing
the market down. Probably a gap and run.
#3
dTraderB
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Posted 23 March 2018 - 06:17 AM
Be patient, my friend, the markers will always be there, and if I miss a trade I will wait for the next good trade setup.
S&P has bounced off the overnight 2618 low, now trading at 2637, that is about 19 points off the low.
Edited by dTraderB, 23 March 2018 - 06:17 AM.
#4
dTraderB
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Posted 23 March 2018 - 06:20 AM
The trade war is overblown, here is the weak Chinese response:
China retaliates against US tariffs; will target $3 billion worth of US pork, wine, fresh fruit, ethanol. and steel
#5
dTraderB
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Posted 23 March 2018 - 06:58 AM
Bounce in progress, now 21 points off the low
#6
CLK
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Posted 23 March 2018 - 07:01 AM
Be patient, my friend, the markers will always be there, and if I miss a trade I will wait for the next good trade setup.
S&P has bounced off the overnight 2618 low, now trading at 2637, that is about 19 points off the low.
I think the bounce gets sold right after the open, then the retest gets bought. Looks like maybe a flat day.
#7
SemiBizz
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Posted 23 March 2018 - 07:45 AM
Price part is easy
R1 2662
R2 2702
It's the timing... should be a lot of head fakes...
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#8
Geomean
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Posted 23 March 2018 - 09:59 AM
The trade war is overblown, here is the weak Chinese response:
China retaliates against US tariffs; will target $3 billion worth of US pork, wine, fresh fruit, ethanol. and steel
I heartily agree
Opportunity knocks on your door every day-answer it.
