40 replies to this topic

[zoropb]

Good day all.

 

Fed day.   Need I say more!  

 

If we head to a new low before 2pm then we could see a 2-3 day rally back to 2593+- followed by inspection of the 2300 area.

 

If we head higher first then it will be shorter lived, today maybe tomorrow and then drop and finish this wave off. 

 

Either way I think it will be an extension day but here are the current norms as we stand:

If the low holds...2588+-7.25

If the high holds..2505.75+-7.25

 

 

Good trades all.

 

 

Trading March btw.

[Waver]

"Trading March btw."?

 

Looks as if the futures have bottomed in the pre-market.  Should rally now.  Lets see.

[relax]

march contract for ES

[12SPX]

I'm surprised we opened up after the news from Fedex, people must be hoping the Fed says and does the right thing. 

[zoropb]

under 53.50 I short or way up there.

[zoropb]

s 69.25 half out 67 rest 66.50  getting ready again.

[zoropb]

s 69.25 out of half 67.25 

[zoropb]

out 66.50 

[zoropb]

getting ready to short it again on next little up move.

Edited by zoropb, 19 December 2018 - 10:36 AM.

[zoropb]

short 71 /half out 70.25 trail