52 replies to this topic

[zoropb]

Good day Traders,

 

After last night high we likely need one more high to complete 5 waves from last big correction. If we do some strange pattern like the first wave off the 24th where we completed 5 up corrected a little then did a strange extra one in NDX but fell short by like half a point in es then corrected hard. If this is the case we completed last night and correct hard.  If we do a normal 5 we need another high this morning and then correct hard. 

 

Good trades. 

 

+2.75 so far.

Edited by zoropb, 09 January 2019 - 07:40 AM.

[zoropb]

Nice quickie short in the 1 min coming. 

[zoropb]

Here are a couple things to keep in mind. We have gone several days without a normal zone day and I really doubt to see 2632.50 today do any of you?  So either we have another unlikely but possible small zone day we are going to correct a lot from some point today. 

 

And by my math there is no money holding anything too long above 65 (for now). Like I told you guys back when we were up here on the way down and said there is no money holding anything past a day trade below 2500 for a while.

[zoropb]

Back in long trade short 84 and a nice little scalp +1

Edited by zoropb, 09 January 2019 - 08:29 AM.

[12SPX]

Whats interesting is that Fitch is threatening to lower its American bond rating and Apple said that it is lowering its manufacturing outlook for the iPhone once again yet the stock is up in after hours trading.  You'd think the futures would be down a percent yet were higher.  Back to manipulated markets..... sigh.....  

[zoropb]

The ideal would be a high around 2605+- and we correct back to 2541+-.   Or we hit the high last night and down to 23.50+-8

[zoropb]

When were they not 12?   lol    Yesterday after the low it looked organic until after hours and of course last half hour squaring of positions. The rest you can see the programs kick in on those huge bars.

[zoropb]

double hit the 5th wave at the breach of 8.56 bar. +1 on scalp and 1 to 85 on Longer trade.    

 

Now that we completed a 5th but below last night I think we are going up and then tank.

[12SPX]

When were they not 12?   lol    Yesterday after the low it looked organic until after hours and of course last half hour squaring of positions. The rest you can see the programs kick in on those huge bars.

No kidding lol!!  There already starting to talk about lowering rates now and adding liquidity, here we go again lol!!

[zoropb]

What a show lol

 

 

bagged 3 on the long trade could not help it. Will wait for higher if so of course.