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Upside potential


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#11 12SPX

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Posted 14 August 2018 - 07:29 AM

The problem with this board is that there are a lot of lurkers and few posters, and of the few that post

there are not enough posts during the day. C'mon there are trades and decisions being made, why not

post them ? It helps to know when to fade as well, nothing wrong, like my earlier post, that was the top

although I still stand by my statement. I thought this was traders talk, not lurker board.
 

I agree but I think thats because some people on here don't respect others opinions right or wrong.  I generally only make comments about the tape as I've watched it for decades so I go more about the feel of the market and I'm never either bullish or bearish because I only sell premium but love reading about all your comments.  



#12 CLK

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Posted 15 August 2018 - 09:35 AM

Current monthly ATR is 119 points, 2860 -119 is around 2740, round that off to 2760 since the top could be 20 points higher later.

 

 

Test the line at 2750, if that fails, then 2690.

 

 



#13 CLK

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Posted 15 August 2018 - 10:08 AM

Wouldn't it be ironic if after filling the Jan. gap, they gap it down and crash another 400+ points ?



#14 CLK

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Posted 15 August 2018 - 09:14 PM

2830 and I am going to cash, one day down then next up over and over, not very impulsive.