market moves north or south,if n or s, to where,its searching for sellers if north,buyers if south,charts tell you where buyers/sellers are ,1160 would be 50% retrace from 1190-1130 moveQuote from Macho:
I don't look at charts much.So can you tell me that if it gets above 1160 it looks as if it a positve move?Is that right?
Quote from mwingo1135:
Good entry.
The market is already -1 of its Daily Range and the market would have to go into crash mode to go any lower.
I am seeing a bounce back to 1156.25 (15 min chart pivot)
Once we get past 1148.50
An actual event would have to happen before a true crash would be confirmed. So far only rumors, no real event yet.
If the event does not happen and September Non Farm Payroll comes in strong the market will love to go back long and hopefully make it over 1250