Unfortunately, i think it would have been better for us bears for the market to go up today to reach those few key levels. This could just stretch the whole thing out.
Awesome post Red. Thanks for all your contributions Sundancer. I will sink for a little while longer here. It ain't fun but what is a little while longer of pain (I hope)?!
June S&P E-mini Futures: Today's range estimate for the June contract is 1143 – 1156. I think a drop into the 1120-30 zone is imminent. Looking further ahead, look for the ES to reach the 1200 level by the end of May.
1134 -1145.50 actual range yesterday (11.5 points) 1143-1156 estimated range today (13 points) Currently 1151, so -8 to +5 from here
Of course you should be in TZA since I sold.
inflection dates from the previous 3 years & current $SPX sequence
10/11/07'
10/10/08'
03/09/09'
03/ ? /10'
Was 678.90 high enough on the $rut? Shoot!
TNA has been a bit of a falling knife this morning. Still waiting.
Unfortunately, i think it would have been better for us bears for the market to go up today to reach those few key levels. This could just stretch the whole thing out.
Awesome post Red. Thanks for all your contributions Sundancer. I will sink for a little while longer here. It ain't fun but what is a little while longer of pain (I hope)?!
Am not in either at the moment. Wanted to get TNA this morning, but it's up 1.5% already.
Earl, I just sold my TZA. Are you in TNA
Carl just now:
June S&P E-mini Futures: Today's range estimate for the June contract is 1143 – 1156. I think a drop into the 1120-30 zone is imminent. Looking further ahead, look for the ES to reach the 1200 level by the end of May.
1134 -1145.50 actual range yesterday (11.5 points)
1143-1156 estimated range today (13 points)
Currently 1151, so -8 to +5 from here
Thanks