its on the breakpointtrades.com site which I subscribe to. it came from Steve Nelson they have a recording everday lasting 20min or so. you have to subscribe. or can get a two week free trial as I did last fall
March S&P E-mini Futures: The ES didn't spend much time yesterday above its last top at 1077 and then broke to 1066 this morning. This kind of action is generally short term bearish. Because I think 1041 will hold I am going to give the market the benefit of the doubt and estimate today's day session range as 1065-1080. Weakness below 1065 will mean a drop to 1045 is likely.
My comment: so the range is really more like 1045-1080.
Nice trade, dreadwin. Good timing, buy & sell.
Gangs… the wave 3's have started. There's not going to be many spots to go short. Small bounces, and then more down moves.
Out of TZA at roughly break even. Need to be away from the keyboard this morning, so going to be cash while away.
Sold 1/2 my TZA calls at .45. +66%
its on the breakpointtrades.com site which I subscribe to. it came from Steve Nelson they have a recording everday lasting 20min or so. you have to subscribe. or can get a two week free trial as I did last fall
Thanks for the update earl…
Daneric wrote about it yesterday in his blog.
Yes, but wasn't it really close, like -1.3 or something?
Carl Futio this morning:
March S&P E-mini Futures: The ES didn't spend much time yesterday above its last top at 1077 and then broke to 1066 this morning. This kind of action is generally short term bearish. Because I think 1041 will hold I am going to give the market the benefit of the doubt and estimate today's day session range as 1065-1080. Weakness below 1065 will mean a drop to 1045 is likely.
My comment: so the range is really more like 1045-1080.
I hope this sell off is real this time, but I'm only seeing a slight pullback so far… We'll see as the day unfolds today.