March S&P E-mini Futures: Today's range estimate is 1095-1110. I think yesterday's afternoon rally means that the drop below the 1090 level was a terminal shakeout and that the market is headed higher. The 1130 level is the short term target and I expect the market to reach 1200 over the next three months.
Note: 1095-1110 Todays estimate 1086-1100 Yesterdays estimate 1103 right now
Not too much upside left… I think? March should bring some more volume into the market, of which… most of it will be selling!
thanks red have a good weekend…. good week made some coin.
Dont think much juice in the tank
TZA closed down 1.2% today.
We have been in a New Moon Trade (favored TZA).
[ After nine days, this trade was DOWN 11.4% ]
TZA was down today and down in 12 of the past 13 days.
The New Moon Trade has ended and it was a trading disaster.
In the past, a horrible new moon trade has been followed by a successful full moon trade, both indicating a strong market.
Carl at days end:
Estimated /ES range: 1095-1100 (15 point range)
Actual /ES range: 1096.25-1106.50 (10.25 point range)
Today stayed inside Carl's range.
Carl's trading:
long one unit /ES at 1098.50 (up 7 as I write this)
Seems to be carrying it over the weekend.
Grade I (incomplete)
Out of TNA $43.86
Red,
Looks like nothing is happening.
TNA off 15 cents, TZA up 3 cents.
Seems like they might close flat today.
Yawn
Looks like a pretty boring day today. I guess everyone is napping?
In TNA 43.21
Carl: long one unit /ES at 1098.50
Carl just now;
March S&P E-mini Futures: Today's range estimate is 1095-1110. I think yesterday's afternoon rally means that the drop below the 1090 level was a terminal shakeout and that the market is headed higher. The 1130 level is the short term target and I expect the market to reach 1200 over the next three months.
Note:
1095-1110 Todays estimate
1086-1100 Yesterdays estimate
1103 right now