ES Journal - 2012

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Quote from ammo:

if spy tests and holds the lower half of the nip at 4.29 ,we can go higher,if it tests the cleave from 5.19 to 5.90 and cant break we come back to 4.71- 4.29 nip (currently 135,just above that nip) ,if it does move thru the cleave the lower ledge of the 7.13 nip is 136.79,in english,these are targets once it establishes a direction,as it touches each target you watch for continuation or rejection and follow the move to next target

like the analysis and thanks for sharing as always ammo
 
Quote from mastacoli71:

add 43.25, avg short 39.5

fwiw, although my average short is 39.5, this does not include the puts i have sold against this position from 1335 up to 1345.

as always, will not post the options trades in this thread. right or wrong, it is the way i choose to manage my trades.
 
daily spx

note touch of 50 day SMA but no close above it. a point of resistance. if closes above today or tomorrow, 60 in the cards. if not, lots of resting stops potentially below 10
 

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