7 replies to this topic

[zoropb]

Level is:  10.25 / 5.25

 

probable 3+

[12SPX]

How are your trades going you've been quiet?  I liked it better when you gave levels I get mixed up this new way lol!!

[zoropb]

off overnight low:

3x =65.25

4x =75.50

4.5x =80.75

5x= 86

 

 

Hey 12,  Tuesday under average, Weds rocked, yesterday avg. Today good so far. 

 

How you doing?

[12SPX]

Pretty good, selling my premium away, still experimenting on these weeklys.  With the huge volatility swings there harder to read but looking for a little pullback to sell some puts for the end of the day today.  I think I need a course to figure out your levels lol!!   

[zoropb]

12 it is just getting use to them.  Like take for instance this morning before open. That low just before the open lets say 57 rounded.  My numbers suggested a minimum of 3 levels today and since the gap up was still open that was the likely place it was going since I said it a couple days ago. So I figured 65.25 was 3 Levels off last nights low. My rsi's were saying more to go up and 1 level off the 57 was 67 and I took the long figurig to get out about 65-67 somewhere. I did and it morphed to a slightly larger move but that was after I had gone out. I got the high odds part of the trade. 

 

Now in the overall I figured after seeing this last wave up to the 3.5 level i.e 70,50+- we would correct and one more high probably at 4x Level will be 75.50.f rom there we may get a small pullback in the 1 level range down maybe a little more then another high probably in after hours. This is the one everyone better think hard what is next because it could be the top.

Edited by zoropb, 25 January 2019 - 12:04 PM.

[zoropb]

Now using the 10:30 pivot low 64.75 add 1 level 10.25 = 75 and 4x day level off last night low is 75.50. So 2 different vectors project a very similar target area. Some where around there has high odds for a high in day session and for a decent short for 1 level perhaps a little more. 

[zoropb]

We only got a couple ticks more so now. That 1 level or slightly more correction is taking place. The next high if before close depending on how they leave it could be interesting but lets see when we get there. 

[zoropb]

there is the level down now. Since we did not correct any on the way down we likely get a little more downside after a correction of probably half a level or 5.25+-.  so 1.5 Levels off the high should be around 56.50+-a quarter 2.50.