Dow spike and ledge target 7250
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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If the sell off stops here, 775 close in play.
reading the chart...
761.75 was low print RTH 3/18/09
the first higher low that day was 764.75.
764.75 supported prices on 3/18/09 and represented the first higher low of the RTH that was the pont at which bulls took control delivering higher lows all the way to 800.
price should stall, maybe have a half-hearted lift from this area,
Look at the VIX. Seems there has to be some special attention paid to the VIX on an options expiration? and so far, it's still trendiing higher intraday.
761.75 was low print RTH 3/18/09
the first higher low that day was 764.75.
764.75 supported prices on 3/18/09 and represented the first higher low of the RTH that was the pont at which bulls took control delivering higher lows all the way to 800.
price should stall, maybe have a half-hearted lift from this area,
Look at the VIX. Seems there has to be some special attention paid to the VIX on an options expiration? and so far, it's still trendiing higher intraday.
Covered some at 62.75.
Long 763
long again 62.
Wyckoff spring off of the hour charts?
If there is some buying above 64, then, perhaps 774?
If there is some buying above 64, then, perhaps 774?
All timeframes < 4 hours are now oversold.
4-hour chart overbought condition neutralized.
4-hour chart overbought condition neutralized.
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