Jump to content



Photo

1/31


  • Please log in to reply
22 replies to this topic

#1 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,292 posts

Posted 30 January 2019 - 06:10 PM

Level is 9.25 / 4.75


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#2 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,292 posts

Posted 30 January 2019 - 06:35 PM

Sure is getting interesting.

 

I am looking at the low so far of this session tonight at 81.75 +1L = 91+- for at least a 1 level short. 


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#3 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,292 posts

Posted 30 January 2019 - 07:33 PM

It corrected to large for that set up so all bets off.


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#4 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 22,938 posts

Posted 31 January 2019 - 12:23 AM

Friday... we should have action.


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


#5 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,292 posts

Posted 31 January 2019 - 08:14 AM

Semi we got action yesterday so who knows about today. I hope your right, I love when it moves.

 

Today is end of month and week so I like to assess where we are going forward on those two. Given the run up we just had from last month from 2438.50 we had little downside so I would think this month is neutral at best on the long side to a negative month. As of this morning the Month Level should be near 80.50+- and last month was the largest price bar I ever seen and thought this month was easily be an inside month. .So I ask myself what are the odds of Feb. being a normal 4 level month. We hit 3.63 levels as of last night's high 91.75.  To me this leaves the following month open with a minimum of 2 levels but most likely 3+.  If 3 is the case then how much of that 3 will be up. I would think at least 2 if I am bullish or open below. If bullish and 1 level will likely be a down, then that is 80 points from last night or a shallow low 2700 print. This tells me short term limited upside with a lot more downside risk for the next 2 weeks or until we see the 80 points lower. 

 

On the week we are at 2.5 levels aprox. Now that is 2 weeks below normal so next week has the potential to be a  4+ week.  Looking at all the smaller time bars below, I do not see how we do not have at least that 80 point move down within next 2 weeks. The level is about 24+- then at least 2 levels will be spent down this coming week. This tells me on the bullish case we are pretty neutral here. On the bearish case we may have 1 level up and 2 or more down.  

 

Today after another FED BS day it looks like south will dominate overall. 

 

Good luck everyone.


Edited by zoropb, 31 January 2019 - 08:18 AM.

Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#6 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,292 posts

Posted 31 January 2019 - 08:42 AM

Hey Waver had a chance to re-read your post from yesterday. You do not have to add on the month, Quarter, or year. I already did them.  Only week and day. So they were correct.  If you wanted to do your own on the month you needed to start from 2438.50.


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#7 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,292 posts

Posted 31 January 2019 - 08:48 AM

from 91.75 overnight high since we are working lower. 

 

2 L down= 73.25

2.5 = 68.50

3 L down = 64 very doable today.

3.5 L = 59.25

4L = 54.75


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#8 12SPX

12SPX

    Member

  • Traders-Talk User
  • 571 posts

Posted 31 January 2019 - 09:41 AM

from 91.75 overnight high since we are working lower. 

 

2 L down= 73.25

2.5 = 68.50

3 L down = 64 very doable today.

3.5 L = 59.25

4L = 54.75

Yesterday was a great day, would love to see your 3rd level hit today!!



#9 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,292 posts

Posted 31 January 2019 - 10:24 AM

Hey 12,   it has real good odds by eod.   

 

Ok now that I am out of the long...we printed 75.75 low 2L up = 94.25 Looking for a longer short there. +-


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#10 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,292 posts

Posted 31 January 2019 - 10:28 AM

We are there already without any decent correction so need to see that little correction and one more high or an attempt off a small correction and failure breach down. We are close.


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.