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

Today turned out to be quite constructive. Seemed support held as we are now rolling back up.

I went a bit long in my higher margin account last night to hold "swing" for the overnight. That worked out well!

Not many targets hit, though.

:(

The very best New Year to you too, Joe.
 
This is the Market SYNC we use to get you on the right side of the market

When it is GREEN you better be LONG

When it turns RED you better be SHORT

I will post some other PIC of today's trade
we had an inverse H&S plus we stayed above 1st hour high
and Mid Point Pivot
 

Attachments

And the last pic showing the market trading above the 1st hour high & Mid Point Pivot

This just shows the market does do what is expected and it will be an easer trade going forward, we may not get 20-30 point trades like we been getting, but it is easer to to stay on the right side of the market

Blessing you all a safe and happy new year,

Joe Baker
 

Attachments

Oh, one last thing, I will try to remember to post a pic of my balance chart during the day so you can get the levels and targets and get an idea where the market is trading

This may help you get a better understanding of market Structure

JB
 
TPP, I assume that your sync indicator is proprietary?

Happy new year and thanks for your charts.

Now if I can simply apply discipline...
 
Quote from Decel:

TPP, I assume that your sync indicator is proprietary?

Happy new year and thanks for your charts.

Now if I can simply apply discipline...
More...

Yes it is, however Good Discipline is far better than any indicator
work on that first, then all the goodies can come later


JB
 
Interesting. Not just the pic. . .but the fact that I too went LONG with surety today - even with the pullback from the first high and the languish throughout the day.

I felt the bullish sentiment as sure as your indicator to absolutely be LONG. Of course I had stops just below the mid-point.p$

Just <i>seemed</i> like it would NOT be hit. Of course I look at volume too!

:)
 
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