June S&P E-mini Futures: Today's range estimate is again 1145 – 1157. Overnight the e-minis dropped as low as 1146.75, just into the target zone of 1141-47 for the reaction from 1165. I expect the market to begin a move to 1200 this week.
1150.25 -1165 actual Friday (14.75 points) 1146.75 (last night's low) 1145-1157 estimate for today (12 points) 1148.50 currently, so estimate is -3.50 to +8.50 from here (bullish)
Strange though if you look at the chart on Ameritrade it looks like the high was right after the open at 116.94. Yahoo finance lists the high as 117.48.
K – thanks. We have already reached Carl's upper target, no?
TZA (daily) is a buy from Friday.
TZA weekly is a buy above the opening price ($7.55)
I'm all cash, still groggy and wanting to know how this market is going to react to the passing of Obamacide.
And what are you doing?
Carl is Long one unit at 1149.00
Carl, you always cheer me up (NOT)!
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is again 1145 – 1157. Overnight the e-minis dropped as low as 1146.75, just into the target zone of 1141-47 for the reaction from 1165. I expect the market to begin a move to 1200 this week.
1150.25 -1165 actual Friday (14.75 points)
1146.75 (last night's low)
1145-1157 estimate for today (12 points)
1148.50 currently, so estimate is -3.50 to +8.50 from here (bullish)
Strange though if you look at the chart on Ameritrade it looks like the high was right after the open at 116.94. Yahoo finance lists the high as 117.48.
$SPX Intra-day gap checklist
3 min
1152.14
1149.63
1148.54
1145.1
1143.52
10 min
1131.56
I show 117.293 at 10:30 am on the 10 minute chart in Ameritrade (which is also Think or Swim)
for those with access to data streams:
What are you showing was the high for the SPY on Friday?
I'm showing 117.293 & 117.773 on another.