3 replies to this topic

[OEXCHAOS]

and some sentiment.

The sentiment gave the set up, the volume confirmed. We shorted. We're not done yet, either, I think.

I just sent this out to Premium ISA subs:

Update: We're gone for the record at 153400, but we'll be looking to hit them again. Those lower targets beckon. That's a dandy 9.75 profit.

>New target is 153400. We also have lower targets at 153275 and 152825-ish. Let's exit at 153400 if we get there and look to re-enter. Nimble is still good. You can put the cover order in now, but you may have to re-enter it during the regular trading session. Double check with your broker.

>>We're short at 154375. Stop at 154775.

[rkd80]

On the 30 min ES chart I see a test of Monday's noon lows on higher volume. So ...even if it bounces here @ 15300 - not reasonable to expect a push lower. However a break of this point would indicate a ST trend reversal as it would break the 6/27 channel.

and some sentiment.

The sentiment gave the set up, the volume confirmed. We shorted. We're not done yet, either, I think.

I just sent this out to Premium ISA subs:

Update: We're gone for the record at 153400, but we'll be looking to hit them again. Those lower targets beckon. That's a dandy 9.75 profit.

>New target is 153400. We also have lower targets at 153275 and 152825-ish. Let's exit at 153400 if we get there and look to re-enter. Nimble is still good. You can put the cover order in now, but you may have to re-enter it during the regular trading session. Double check with your broker.

>>We're short at 154375. Stop at 154775.

[OEXCHAOS]

I think Thursday's lows are in play. After that, it could get more Bearish. Mark

[hiker]

thanks, Mark. 1523 spx cash horizontal needs to give up for good today or 1517 cash - thurs low area - will not be seen. btw, I am currently long using thurs low area as my stop for now