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

Do I think it will be taken out, SOLID YES

WHEN>????????
Well that is another question

we will see, we have been oversold for weeks.......LOL
however the market cannot get any legs to it but if it does
be prepared so tough to tell before the market opens on Monday
I try to not have a bias when trading it blurs my vision if you know what I mean.

Let the market tell you, it always will if you know where to look
 
Hi Joe,i sent you a message.
Man,i am tired of giving away my $$$.
I sure could use a mentor on a daily basis as I trade daily.
Was doing well for a while but lately doing poorly.
I feel like a liquidity provider lol.

Best to you.

Lloyd
 
Don't worry anyone that ever traded to any extent has been where you are including myself, I know firsthand on giving away
my profits and turning them into huge losses and I mean huge
LOL

I comes with the territory unless you have someone in your family who was a trader or worked on the floor and you could watch them for a couple of years
 
understood,huge is huge, did that three times now,last kick at the can now...if i want to remain married etc... lol


Unfortunately i figure i know enough to be dangerous to myself,never had a family member or friend that could help or assist ,hell they cannot even comprehend the diff between long or short...put or call.
 
I just came across this thread and checked out your youtube site Wed-Fri. Your pivots are the shit. This market has actually been very orderly, just swinging from the very extended low and high pivots. Friday, the market bounced off the extened low and resumed to rally huge, then tested that 1250.50 level and came right back down. Amazing. I traded both ways, and made some good coin. Keep up the good work. I will continue to use your pivots.
 
Thanks Joe!

Once again, I did not mean to hijack your thread and will keep an eye on your levels next week for another weapon in my arsenal.

Is there any way to post a screen shot of your levels....,youtube is not so clear.

el surdo
 
Hi Joe,

I thought I'd point out a thing or two I notice from time to time in your posts.

Take it with a grain of salt, because I certainly am not much-versed at all wrt this game.

I wholeheartedly agree with the following statement:

"I <b>try to not have a bias</b> when trading it blurs my vision if you know what I mean.

<b><i>Let the market tell you,</i></b> it always will if you know where to look."

That being said I see a bit of inner struggle (which is human) but nonetheless, I hope it helps pointing out.

You say "...a solid close below 1240
<b><i>will not be good,</i></b> we need to watch closing price from here."

What are you referring to? Short or long we are trying to make money so who cares?

"...intraday test is of pivot areas need to hold but pay attention to the closing price......................"

Why does it need to hold - if it break we are off again to the bank.:D - - and back agian on the way up!

"Do I think it will be taken out, SOLID YES

WHEN>????????
Well that is another question

we will see, <b>we have been oversold for weeks.......LOL</b>
however the market cannot get any legs to it but if it does be prepared so tough to tell before the market opens on Monday."

Oversold? Who cares. You know as well as I know the market is gonna do whatever it wants, right?

Predicting what the market will do rarely helps, but acting with what it is doing does. Lose the fear and trepidation - albeit mild - to better trade.gA

Just mho.

Also, I hope you go back and read my posts. I have some pretty good questions still needing your answer, please.
 
Just quickly cause I am having a Birthday Party at my house for a friend..............lol

Meaning 1240 is a big area of resistance so a solid close under that would mean we will make a run for 1180 and form a new trading channel

As to intraday dips, we want to pay close attention to them
and look for light volume to see if they are real or shakeouts

So let’s just say we dip below to 1229-1221 intraday but close
back up near or at 1240 that is a shakeout '

If we drop to 1221-1218 and close near or at the low that
is real and we will start to make a new trading channel and
make a run to the downside and it could be ugly..................

This type of market has the potential for a mini crash type of
personality also we entered a Hindenburg Omen on June 16

Meaning we have a very good chance of a mini-crash like event

This is why we need to pay even closer attention to action at or around what I would call BIG NUMBERS


1240-1180 are big numbers

:D :D :D :D
 
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