Quote from apex82:
Thanks for all the comments, always nice to hear that my anaylsis could also provide some insight to your trading style as well.
Im getting short here premarket at 1495.25... I dont usually do this but its a nice risk reward and it could be a very nice trade. Obviously, this will be reduced size due to the liquidity of the overnight markets and the fact that is countertrend.
Stop at 1497.50 2.25pts
1st target 1490.25..... 5pts
2nd target 1488.25... 7pts
3rd target trailed for a move down to 1474 and will tighten up severely around a retest of the lows.
Here is the aftermath of the levels that were posted last night. You can see the first support zone nailed the low perfectly.
Stop is placed.. time to hit the sack and see how it plays out tomorrow.