2nd target hit, well off by 1 tick 
This is what we use to give the levels on a intraday basis
This is what we use to give the levels on a intraday basis
S&P daily pivots and break-down & up Targets
- Thread starter joeb8822
- Start date
So how do you calculate the targets (regular and extended)?
Also, what do the blue bars mean?
Thanks.
Also, what do the blue bars mean?
Thanks.
Software tells us where the targets are
and the blue bars are TradeZones
meaning times of day the market is likley to make it's move
there are 15 but only 9 are actual Zones the others are pivot
times
Interesting day. When I first saw your targets in pre-trade, the range in levels told me that today could very well be an "inside day".
Lo and behold after all the "navigating" that is what we ended up with (aside from your upper targets being hit).
Thus far we are consolidating. What I mean is a possibly expected and decisive move back to the downside has been so far avoided.
Yes, in retrospect your gains were made to the upside, but I am looking to see if every point can be drained upward and beyond into a new bull rally.
For that to happen, we have to first avoid a downshift.
Lo and behold after all the "navigating" that is what we ended up with (aside from your upper targets being hit).
Thus far we are consolidating. What I mean is a possibly expected and decisive move back to the downside has been so far avoided.
Yes, in retrospect your gains were made to the upside, but I am looking to see if every point can be drained upward and beyond into a new bull rally.
For that to happen, we have to first avoid a downshift.
I amended my previous statements to reflect your targets being hit, Joe.
But when I rechecked the targets in my inbox (I hadn't thought we met them) they indeed were far off.
ES:
946.75
extended:
950.50
From your post today -
ES:
930
extended:
934.50
I suppose they were adjusted in your trading room after seeing the first hour action?!?p$
But when I rechecked the targets in my inbox (I hadn't thought we met them) they indeed were far off.
ES:
946.75
extended:
950.50
From your post today -
ES:
930
extended:
934.50
I suppose they were adjusted in your trading room after seeing the first hour action?!?p$
I Always use the Balance Chart for 1st targets just in case it is an inside day like today with no real breakout or breakdown in market
today hit some key price levels in the ES right on que with some timing signals. the first push up in the AM to the highs was a calculated move from the last sequence of waves up. it doesnt always work out as nicely as it did today, it also coincided with key price targets...actually falling right in the middle of the 3 pt difference and price turned on a dime there. only took short trades today and held overnight tonight looking for continued weakness... we are sitting at time and price targets so would take a very strong surge to break the symetry here... 
PIC of Balance Chart
Notice we are below MID POINT PIVOT
& 1st hour high
Notice we are below MID POINT PIVOT
& 1st hour high
Opps almost forgot TARGET HIT..........
The last 2 days being inside days, I knew they would be hit today
and a poss breakdown to 903 area
The last 2 days being inside days, I knew they would be hit today
and a poss breakdown to 903 area