Quote from Pekelo:
Long term prediction coming, based on the weekly chart:
The SMA 9 line is around 1310 SPX, and I think that would act as resistance. From there we would start to drop and visit the lower BB line, around 1220....
We could reach 1310ish today and downhill from there, but no later than next Mo-Tu...
So in ES 1304ish is a nice area to get short for a swing drop....
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The chart showing the typical, reversal to the mean play...
Quote from RichardRimes:
That was some nice trading LF...mine was sucky.
I don't know why but I have 1310 in my brain........ just no guts to play it long right now. perhaps if we drop again tonight I'll try another buy.