How many of you got faked out today?

Hmmm... By the time we hit my 1369.87 target today $Tick was clocking far too high for any short setups.

Meh, maybe tomorrow there will be some good short setups.


Hitting new highs just reconfirmed the weekly uptrend. Incredible!

Only trades I have been able to do is scalp long futures here and there... Grrr... I want a swing setup!
 

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Quote from FreakofNature:

LOL

These fucking vendors always telling the past after the close.
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are you really that stupid, or just blindly stubborn? or both?

everyone with one eye and one 5min chart can see the exact-same thing from 9:35am eastern... with zero exceptions

just like yesterday... and just like today
 
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Wednesday July 18th, 2012: CM RoadMap = ES
 

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Would the guys who are going to tout their calls please just set up Journals?

At least then we'll know who's cherry-picking and who can actually do this consistently.
 
Meh... We hit my 1369 target with way too much momentum on the $Tick. Upgraded my target to around 1375.5... *Check my journal too.*

It looks like I am not going to get a swing trade setup this week. Futures scalping only so far... And with OPEX coming up there is no reason to look for any kind of overnight/multi day swing until next week.


Hell, the way things are looking there may not be a high odds short swing until the rally cycle after this one... Rotflmao...


Quote from RangeTrader:

Still haven't reached my 1369 target area for shorting is why we haven't stopped rallying.

It doesn't feel like the bears have fully capitulated yet in this rally anyway. Plus, it's triple expiration so the market won't be allowed to drop much this week even late week.

Still a huge amount of people betting on volatility and a fall in the market in options so it's in the interest of big firms to put a bottom under the market for now.
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You guys can position short late today into tomorrow morning if you want. It's going to only be a three day pullback. Not really sure when it begins... By Monday it should have arrived.

Best setup is shorting into new highs tomorrow, but were entering the zone now... A short setup around 1391.25 if you got it would be a solid high odds position.

195m-1d Chart

Be prepared to potentially take heat upto 1381.25 or 1391.50 SPX before this thing pulls back and lands you some $$ though if your short here.

We overshot my original 1369 target I made last Friday... Not sure about the exact target for this market now. OPEX is confusing me. OPEX always changes the cycle counts... It's like a Skip day.
 

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Quote from logic_man:

Would the guys who are going to tout their calls please just set up Journals?

At least then we'll know who's cherry-picking and who can actually do this consistently.
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Though I hear your frustration, brother Logic, what's it really matter?
 
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