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

So I guess what this means is go LONG or be wrong?!?


:D


What gets me is without being in the room - not moving right to the targets in disconcerting.

I mean I know I am a "swing" trader and your levels are a <i>great</i> help for better entries and exits. . .but I remember when every target would get exactly hit almost 80 or even 90% of the time.

I usually do not have to micro-manage, but while I am (in this environment) it is nice to see a BO (break out) that ends up at the target.

I know is still early and this is holiday trade, but we are a LONG WAY from the ultimate target.

pay$
 
Quote from paysense:

So I guess what this means is go LONG or be wrong?!?


:D
More...

Well did we break the mid point ?
No
are we above the 1st hour high ?
Yes
Can you counter trend trade ?
Yes

But the market was building pressure to the upside
the entire day
 
Quote from paysense:

Heck, Joe. . .counter-trend trade? I put 2 contracts on the night before last.

So far being "right" is nice!

:cool:
More...
I was saying you can, not that I would, do it just you can !
but understand it is countertrend :D :D :D :D
 
Today was good for me, Happy New Year!
Joe, what about the sell off after the bell? Is this normal? Looks like a lot of volume came in and pushed us under 900... but where we closed, above 900 is bullish... I don't get it.
 
portfolio managers pushed mrkt up last 3 days for end of year good marks,all bad news was held up,probably phony employment #s too,anyway,after 3 pm they sell futures against their postion for a hedge,stocks get marked at 3pm close
 
Quote from ammo:

portfolio managers pushed mrkt up last 3 days for end of year good marks,all bad news was held up,probably phony employment #s too,anyway,after 3 pm they sell futures against their postion for a hedge,stocks get marked at 3pm close
More...
Wow, nice info!
Does it occur every quarter (witching months) or only at the end of the year?
 
You must log in or register to reply here.
Back
Top