S&P daily pivots and break-down & up Targets

[ammo]

thanks,keep posting,great supported research,kudos

 

[joeb8822]

What I was seeing when I posted last for a Res, @ 1252.50

Now 1248.50

 

[paysense]

1240 holding, above resistance (1248.50), higher highs on the way up, yet toggling between 1256.5 and 1257.5.


Duhhh, which way do we go George???

"The 'Market' knows"




Addendum: ok, yeah i don't day-trade and have too much time on my hands, but um, now we "put on our 'bear' suit"

No disrespect to you Joe, just bumbling here and learning from these pivot, resistance, etc. calls. If there is anything I know, nothing with trading is "perfect".

 

[joeb8822]

Sorry guys was away today

I think we are going to test lows, just got back
I will look at my charts

 

[gobar]

Quote from joeb8822:

Sorry guys was away today

I think we are going to test lows, just got back
I will look at my charts

today's low ? yesterdays low?

info would have been helpful 15 min ago because i sold my puts...

 

[paysense]

Bearish below 1256.5 - check

Breakdown at 1246 - pending

Target 1235.25, then 1229 - dependent upon previous entry:eek:

gA

 

[joeb8822]

Again my appoligies for not posting looks like a total chop at this moment, however what we have seen anything can and will happen

t is possible we have seen a short term bottom in the market
for now

1258-1252 range break with close over may get buying to push
or selling to break

 

[paysense]

yep. just chop. but other forecast are for "strong" afternoon action - so we will see: 1260

 

[joeb8822]

Well the short term low held we are now 1271 nice 13 point run
up

Be careful into the close

protect profits

 

[paysense]

Ultimate target 1268.75 - met.gA