targeting
#21
Posted 27 February 2013 - 11:48 AM
#22
Posted 27 February 2013 - 11:50 AM
" my ticket gets punched on the first 1 min sell bar." I hear yaYou speaking cash? We always get crossed lol...
Yep, US 30 Futures 14000 is a toxic zone, if we test that it's going to be on a burst to the upside from here.
Other things I look at say VST pullback from 1510.74 Then timing models suggest a strong up tomorrows open maybe pop and drop. Tempting TL at 1518 to test and will have to jump that creek to see higher. But I very much think we see my exit 10.74 today and might blow through it but my ticket gets punched on the first 1 min sell bar.
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#23
Posted 27 February 2013 - 11:54 AM
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#24
Posted 27 February 2013 - 12:12 PM
So I see resistance for ES as 1510 here...
From Today's SPX Forecast:
Once again when we see volume deteriorate going higher, we suspect countertrend rally behavior, but as we have noted, these markets don't need volume to go higher. Today we got lighter volume and we got higher prices. The markets need strong and sustained volume to go lower, and once again this SPX could not hold a light volume pullback and drifted higher. Short term support now 1494, 1491, 1487, 1485 and resistance at 1499, 1503, 1511. So we lost price separation today on lighter volume, so the door is still open to higher prices. Also the DJIA closed at 13900, up 116 pts today, and that leaves the 14K window wide open.
1509.95 ES High
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 http://parler.com/Volumedynamics
#25
Posted 27 February 2013 - 12:22 PM
#26
Posted 27 February 2013 - 12:24 PM
#27
Posted 27 February 2013 - 12:25 PM
#28
Posted 27 February 2013 - 12:31 PM
well done O.Now looking for a pullback to 1502ish to reload for the big short squeeze into the close...
But flat now
wait until the intra-day gives a lower target now that we hit the 12.25 until then 15.25 on the board to risky still. Any retrace until then is limited to probably 7 points+-
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#29
Posted 27 February 2013 - 12:32 PM
#30
Posted 27 February 2013 - 12:36 PM
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.