That's the dotted green line on my chart, R1. Now forming a support level.
ES Journal - 2012
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That's the dotted green line on my chart, R1. Now forming a support level.
Just think of the millions that are being made by algos playing for quarters in this one point range.
As Ammo always says, we are just here for liquidity until they make up their minds...:eek:
As Ammo always says, we are just here for liquidity until they make up their minds...:eek:
same premise on the weekly with the cleave being res in a weak bounce off of a non reached supp area..ledge above that cleave is 90...just an opinion, but large money cant chase this because of size and lack of volume so it's just large players, non funds ,playing with the rabbits,turning a 100 pt move into a 500 point profit..turns above supp and below res dont allow as many players in ,these boys know where the s/r orders are and getting in and out early allows them the majority of the orders while guys like us sit n watch waiting for our target hits to get in..one reason to scale in
If I was a gamblin' man I would say a break above 85.50 and we see 90 by the close. But I suck at gamblin'.
Quote from keeptradin':
If I was a gamblin' man I would say a break above 85.50 and we see 90 by the close. But I suck at gamblin'.
Yes, I see it as well.
Holding the 50% and defending yesterday`s close was important and now with prior day`s high at 81,50 being support, a run towards 90-92 looks like it is in the cards.
I just don`t feel like gamling myself, so I`m just watching.
short 1284
2 point stop
2 point stop
Keeps failing in this zone, though.
Hard to read what will happen. Still interested in that short if 81,50 should fail by the close.
Hard to read what will happen. Still interested in that short if 81,50 should fail by the close.
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