Inverted head and shoulders on the SPX?

stock, this thread is for guys that are actually trading, start another thread that gets tossed into chitchat or just go to chit chat, you have no business posting on this thread.
 
Well 704.00 targets got missed by a tick so I bailed on those last few contracts with the price rally after the news release. Selling the 715.00's should be the next part of the delta zone to sell.....that area should work for a decent set up.

Well that is it for me today.....good fortunes all! :)
 
Quote from stock_trad3r:

long term I see 900 within 2 months. The short interest is so high. Traders though they could make effortless money shorting into this mild recession. The media is misleading people to believe things are worse than they really are.
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900....cool....better area to RESELL the market.....LOL!


JK....LOL! :D
 
Quote from AMT4SWA:

Well 704.00 targets got missed by a tick so I bailed on those last few contracts with the price rally after the news release. Selling the 715.00's should be the next part of the delta zone to sell.....that area should work for a decent set up.

Well that is it for me today.....good fortunes all! :)
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Selling 715's brought a sell respone down to 711 area so that was good for a few points. Next rotation up here has now taken out the top of the delta zone of 715's (with stops up to 717's).....so market could rally to next zone of resting inventory above going forward. :)

The 721's to 724's is the next area a person could look to enter sell positions to see if a sell response comes in at that zone. :)
 
OK....this is too good to pass up.....we are trading into the next delta zone and I have fills at 722.00 and 723.00, I will take first covers at 720.00 and then next out at 718.00 .....nice move to the next delta zone of resting inventory. :)
 
Covered all 722.00 entries and some 723.00 entries at 720.00.....re-sold additional 723.00's on second rotation up.....set new targets at 720.00 and then 717.00.....will keep working this area until the close. :)
 
Quote from AMT4SWA:

Covered all 722.00 entries and some 723.00 entries at 720.00.....re-sold additional 723.00's on second rotation up.....set new targets at 720.00 and then 717.00.....will keep working this area until the close. :)
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AMT,

Where did the NET LONGS accumulate on this leg up?
 
Targets at 720.00 now filled.........next targets set for 717.00 and then 713.00.....will have 50% of position remaining after any fill of the 713.00 level.......will hold these into the AH session. :)
 
Quote from traderyin:

AMT,

Where did the NET LONGS accumulate on this leg up?
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Small pockets on the way up today (like 704's/705's).........most significant area is still the 685's and below from the AH session after the GOOG info was released. The most important area above that is around 698's/699's level. :)
 
Targets at 717.00 filled.....so last resting targets I have for the day are at 713.00. I will hold the remaining 50% of position into AH session after any 713.00 fills to see what we get going forward. :)
 
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