97 replies to this topic

[zoropb]

TGIF traders.

 

 

If the overnight holds:

Normal highs=   2538+-8.50

We are banging out a high so leaving the normal lows open for now.

 

Hard to imagine not getting back up to the 2580 level by next week or if we make one more low at least the 2500 level. Any shorting from this 2500 area better be quick unless you are in a weekly or more time frame because it is coming back here.

 

Good trades all

 

 

[12SPX]

TGIF traders.

 

 

If the overnight holds:

Normal highs=   2538+-8.50

We are banging out a high so leaving the normal lows open for now.

 

Hard to imagine not getting back up to the 2580 level by next week or if we make one more low at least the 2500 level. Any shorting from this 2500 area better be quick unless you are in a weekly or more time frame because it is coming back here.

 

Good trades all

 

 

Agreed and love how you make this site proud actually being both bullish and bearish according to the timing we have.  Makes calling this site "traders talk" proud!! 

[zoropb]

Thank you 12. 

 

Too many allow the EGO to dominate their life in every which way.   Leading to arguments, bad blood, etc.  here and their personal lives.

 We are really all one, just that most are still asleep to that reality. Shed the ego and be free.

 

 

Looks like overnight low test here.  Still does not look bad. 

Went for a quick long nice set up for a quickie hit the tiny low bar breach +2 then +3.75.  looking.

[zoropb]

+2.50 all  hit the tiny red bar breach and dumped on the long bar to the mid one min. bb

 

and now sitting it out for a while. let the dust settle a little.

Edited by zoropb, 21 December 2018 - 09:38 AM.

[kaiser soze]

2490 Cycle Fib resistance is proving tough to crack for a move to the upside.  There have been three failed attempts thus far, one late last afternoon, one in the wee morning hours, and another about 30 min before market open.

[12SPX]

2490 Cycle Fib resistance is proving tough to crack for a move to the upside.  There have been three failed attempts thus far, one late last afternoon, one in the wee morning hours, and another about 30 min before market open.

It'll be taken out today, not sure it will hold but I'd not be surprised to at least see 2500.

[kaiser soze]

1576-666 = 910.  1576+910 =2486.

 

The 2490 region is thus the 1.0 Fib extension of the entire 2007-2009 bear market decline.  It is formidable. 

[zoropb]

If we take out that open low bar,may not be a good thing.    Just in case let me put the low normal in.

 

2421.25+-8.50

[typicalbear]

1576-666 = 910.  1576+910 =2486.

 

The 2490 region is thus the 1.0 Fib extension of the entire 2007-2009 bear market decline.  It is formidable. 

 

Give it a 1.618 and you'l be at the '09 to '18 rally support line...2300.

[SemiBizz]

1.618 disease... there's a lot of it going around...