Right, and 1164.25 is right near where the ES was trading at 11:40, so it sounds like EMG is in for an R10 right about where he mentioned his short trade.
In the daily chart, the ES is right in between the 50 and 61% ret, from the previous H - L ( 1194.00 H. - 1123.50 L. ) There's a down trend line acting as resistance that will cross tomorrow right about 1180 or so. 1180 is also a 78% ret from previous H-L. So there's a lot resistance in the 1180 area. Failure to overcome that resistance will have me looking for a retest of previous daily swing low at 1072.
Overcoming the resistance will target 1198.00 and possibly 1250.
Will see, in due time the market will show us the way
In the daily chart, the ES is right in between the 50 and 61% ret, from the previous H - L ( 1194.00 H. - 1123.50 L. ) There's a down trend line acting as resistance that will cross tomorrow right about 1180 or so. 1180 is 78% ret from previous daily. H-L. So there's a lot resistance in the 1180 area. Failure to overcome that resistance will have me looking for a retest of previous daily low at 1072.
Overcoming the resistance will target 1198.00 and possibly 1250.
Will see in due time the market will show us the way
Right, and 1164.25 is right near where the ES was trading at 11:40, so it sounds like EMG is in for an R10 right about where he mentioned his short trade.
I would like to see where the "90%" comes from. I know many who trade for a living in their own accounts and make high 5 and some low 6 figures a year.
80%, 90%, 97%, 98.5%, 99.9%...makes me laugh.
87.227 percent of all statistics are flawed at least 47.971 percenty of the time?