CL Redux

Quote from schizo:

Alright enough with the jokes. Time for some serious biz. Here's what I see down the road. Intraday-wise, well, you're on your own.

Anyone has the HOD and LOD for tomorrow they wanna share?
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The daily looks like it'll at least kiss 83 for the hod. For the lod my best guess right now is friday's close.
 
Quote from F112358:

The daily looks like it'll at least kiss 83 for the hod. For the lod my best guess right now is friday's close.
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I'm looking at 81.25 as the Low and 82.85 as the High.
 
Quote from schizo:

Alright enough with the jokes. Time for some serious biz. Here's what I see down the road. Intraday-wise, well, you're on your own.

Anyone has the HOD and LOD for tomorrow they wanna share?
More...

Price as of right this second: 81.79

I gotta say I see us flirting with 83even tomorrow. Your 82.85 pick may be spot on, but I wouldnt be suprised to bulls try to take out 83.

One thing I was wondering about is, how much of last weeks bullish move was just short covering? Last 2 weeks there has been quite a bit of indecision in CLs action, it seems many have been leaning short despite being stuck in a trading range. I didnt see much conviciton upwards until midweek last week, no doubt shorts were getting squeezed. Perhaps a small pullback is in the cards?

If so, my previous 83 call would be invalid. I see 80even as support and 81.50 as resistance if that scenario plays out.
 
Quote from spd:

If so, my previous 83 call would be invalid. I see 80even as support and 81.50 as resistance if that scenario plays out.
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At the moment, everything is moving in concert again, even the lonely euro. The ring leader is the ES and I think spx cash gets to at least 1165-70 on this move. Without ES pulling back here I think oil pushes higher without your latter scenario, and ES isn't pulling back as it's bent on nuking every last short out there.
 
Quote from jj69:

At the moment, everything is moving in concert again, even the lonely euro. The ring leader is the ES and I think spx cash gets to at least 1165-70 on this move. Without ES pulling back here I think oil pushes higher without your latter scenario, and ES isn't pulling back as it's bent on nuking every last short out there.
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I was talking with a friend earlier and that was our consensus for a SPX target with 1150 being solid support if we break through.

Thanks for your input.
 
Quote from Speciaul_K:

Short 8184
Resistance: 8270
Support 8050

Target for current position 8120+-
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You might get your 81.20 but I'd be especially careful. Sunday nights have proven to be treacherous for us shorties.
 
Quote from schizo:

You might get your 81.20 but I'd be especially careful. Sunday nights have proven to be treacherous for us shorties.
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Agreed, see if they break last week high.
 
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