S&P daily pivots and break-down & up Targets
- Thread starter joeb8822
- Start date
Yeah - it was a nice fade after this mornings' report that I profited a bit from.
Question:
~818 looks to me like recent support. I know Joe calcs with a further time-frame. . .but is there a number that if broken will pretty much reliquish those gains we came up off ~740 level ('08 low).
pay$
Question:
~818 looks to me like recent support. I know Joe calcs with a further time-frame. . .but is there a number that if broken will pretty much reliquish those gains we came up off ~740 level ('08 low).
pay$
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817 is an area of support
then 813-808
Went to BIG pivot on daily @817.00 now already almost to upper range high at 897
Quote from paysense:
Many, many, many ultimate targets HIT!!!
Both sides of market Friday, just tells you not to have a BIAS
when trading, this is a market we will never forget !
Plus All Targets hit ALL markets BOOOOOOOOOOYYYAAAAAAAA
BABY, Take that CRAMER.........LOL
If you watched my video from the other day I mentioned the H&S
patterns that where showing up all over the place
Well......... Here they are on all markets, this is S&P on friday
I will post the NQ pic and the Dow Pic as well
patterns that where showing up all over the place
Well......... Here they are on all markets, this is S&P on friday
I will post the NQ pic and the Dow Pic as well
This the Dow Futures on Friday you can see the H&S as well
and both sides target hit just like S&P and NQ
and both sides target hit just like S&P and NQ
Sorry Forgot to post the NQ Inverted H&S on Friday
np - seems targets hit in the pre-market!!!
I went LONG Friday and am looking to see if we can break through the 897-917 resistance. I have 1NQ still short, but have a hard time figuring - when a market is rallying this bullish - where to cover.
Once the target is hit, I think we can expect a pullback by a fair amount if resistance is that strong. I guess I will watch the pullbacks and rallies to resistance and gauge how much profit-taking goes on.
I'm not sure if I can expect for today's Line In The Sand to again be crossed.
pay$
FWIW - it seems a good day-trade play to jump in and out as the market attempts to break overhead resistance. I guess I am getting better at intra-day trading - based solely on PA, lol. But I keep telling myself how much I hate this (too little profit - too much work, easy to churn...or worse LOSE and poof there goes positive trading psychology). I refuse (at least for now, which is a task in and of itself)!
I went LONG Friday and am looking to see if we can break through the 897-917 resistance. I have 1NQ still short, but have a hard time figuring - when a market is rallying this bullish - where to cover.
Once the target is hit, I think we can expect a pullback by a fair amount if resistance is that strong. I guess I will watch the pullbacks and rallies to resistance and gauge how much profit-taking goes on.
I'm not sure if I can expect for today's Line In The Sand to again be crossed.
pay$
FWIW - it seems a good day-trade play to jump in and out as the market attempts to break overhead resistance. I guess I am getting better at intra-day trading - based solely on PA, lol. But I keep telling myself how much I hate this (too little profit - too much work, easy to churn...or worse LOSE and poof there goes positive trading psychology). I refuse (at least for now, which is a task in and of itself)!