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dem t-day boyzzz... i never consider day of the week in my analysis, but its definitely interesting how often it works out :p Not holding over the weekend. Exiting at market here. Over 10:1 R/R on that trade... damn what a day :)

Moving stop up to 1316.

hehe, thats nice to wake up to. I think there is a good chance they'll retest in RTH just so the charts look pretty so I'm closing out 1/2 here 1305 for +15.25. 4:1 R/R on that trade. Stop on the last 1 at 86.25 still and looking for 1335. Like Spooz and romik are saying I think theres the...

holyshit... im glad southpark isnt at 10:30. I'm experimenting with this chart trading program with a sim account that has ATM bracket type orders and it got raped on that spike... i still like this zone... long 89.75 stop at 86.25

all new south park on.... im going to have to leave a limit sitting at 1290.25 :D

I'd like to get 88.75 but am willing to buy up to 90.75.... stop to be placed at 87... i'll post up

Oh okay. I'm considering a touch of that 3:45pm high as a gap close.

volente, which gap are you showing at 1280? I see the gap being filled at 1289.75. Thats one part of my reasoning for 87-91 being support.

Alright the market turned within 1 point of the zone I posted up yesterday and is retracing as expected. Looking for another push up to fill out wave C. Theres a good deal of confluence right below. Good place to get long at ~1287-1291... a stop of only a 2-3 points should be enough on this...

I have 1344-1348 ESM8 as the key zone to watch counter-trend tomorrow... for two of the same reasons plus a couple others. However, I think the intermediate trend for the next day or two at least is up, so I wouldn't expect any long term moves off that zone... there will be at least another leg...

I have to believe its not as easy as a double bottom. You've got all the buyers with their sell stops clustered under 1255 thinking that the selling must be over since BSC deal happened and we didn't crash. Regardless, I'll just look at the technicals here (theyre right much more often!)...

Measured Move visible here - (68 - 95 then 87 - 112) http://new.quote.com/us/futures/chart.action?s=CL+J8&chartUi.period=D&chartUi.bardensity=HIGH&chartUi.bartype=CANDLE&chartUi.size=650x450&chartUi.minutes= Divergence visible here -...

That was a beatiful setup. MACD on all large timeframes right in the target zone of a massive measured move hit literally to within 25 cents before the floor fell out. I'm sorry to brag, but lately I'm feeling absolutely untouchable. Let me enjoy it while it lasts -...

:) I hope you caught that move

Definitive line at 1282-1285 IMO... ESH8

MBusch... same measured move target area Beautiful. Technicals tell me to take profits here (if only SDS traded AH). My sentiment tells me its possible we continue to plummet hard. My sentiment rarely makes me money... I'm going to compramise and just tighten my stop in the AM. I agree...

Excellent trading iloveoptions :)

Agreed. While I only follow MACD, I've seen that it generates very similar signals as RSI. If you look at the charts you can see that all major market tops and bottoms are formed with MACD divergence on the weekly charts. I'm considering the major trend down until I see this strongly...

I agree with you here that oil is looking very toppish. MACD divergence on ALL the large timeframes (daily, 240, 120, 60 min) Its also in a measured move price projection zone. Like any top though, things get very spikey. If you're setting your stop just above highs, you may need to re-enter...

Awesome analogy.