They love to take out those stops don't they? I'm not sure if 1060 was it, or if we back off to 1040 area again, and then go on up to 1073-1076? I'm leaning toward 1060 being the high with the next stop at 1020, then 998-1000.
Nice call on 106 being the likely top of today's move. I hope that prediction holds and we see 100 before we see 106 again. Looking forward to your summary of today's action and predictions from here on.
What the Fed says will be the key. I'm not sure yet if we go on down to 1020, or rally up to just under 1080. This 1040 area is in the middle and I don't want to pick the wrong direction. So, I'm waiting on the sidelines for now.
I think you are right about the 9-10th, as that could be a turn date. Up till then, and rollover… or down some more first and then rally? That is the question…
I'm a little hesitant to go long or short just yet, as this could go either way? It's stuck in the middle between great support at 998-1000, and huge resistance at 1100.
It should pick a direction after the Fed talks on Wednesday. We'll see…
What the Fed says will be the key. I'm not sure yet if we go on down to 1020, or rally up to just under 1080. This 1040 area is in the middle and I don't want to pick the wrong direction. So, I'm waiting on the sidelines for now.
I think you are right about the 9-10th, as that could be a turn date. Up till then, and rollover… or down some more first and then rally? That is the question…
I'm a little hesitant to go long or short just yet, as this could go either way? It's stuck in the middle between great support at 998-1000, and huge resistance at 1100.
It should pick a direction after the Fed talks on Wednesday. We'll see…
Yes, that's very true. Futures are down this morning 10 points to 1028 area. So, we could go down first, and then rally on the Fed's. Hard to say, but I'm not taking an long position until 998-1000 is hit.
It's much safer to wait the rally back up and only take short positions, as the trend is now down. That 1073-1076 area is about the highest I can see the market going. But, it first needs to find some support, and I believe that to be the 998-1000 mark.
They love to take out those stops don't they? I'm not sure if 1060 was it, or if we back off to 1040 area again, and then go on up to 1073-1076? I'm leaning toward 1060 being the high with the next stop at 1020, then 998-1000.
Nice call on 106 being the likely top of today's move. I hope that prediction holds and we see 100 before we see 106 again. Looking forward to your summary of today's action and predictions from here on.
http://oahutrading.blogspot.com/2009/11/es.html
Lower target hit, I am thinking how many stops will be swept with a run up….just 5 minutes worth to the 78 Fib.
What the Fed says will be the key. I'm not sure yet if we go on down to 1020, or rally up to just under 1080. This 1040 area is in the middle and I don't want to pick the wrong direction. So, I'm waiting on the sidelines for now.
I think you are right about the 9-10th, as that could be a turn date. Up till then, and rollover… or down some more first and then rally? That is the question…
Red
I'm a little hesitant to go long or short just yet, as this could go either way? It's stuck in the middle between great support at 998-1000, and huge resistance at 1100.
It should pick a direction after the Fed talks on Wednesday. We'll see…
Red
Great post Red, 🙂
What the Fed says will be the key. I'm not sure yet if we go on down to 1020, or rally up to just under 1080. This 1040 area is in the middle and I don't want to pick the wrong direction. So, I'm waiting on the sidelines for now.
I think you are right about the 9-10th, as that could be a turn date. Up till then, and rollover… or down some more first and then rally? That is the question…
Red
I'm a little hesitant to go long or short just yet, as this could go either way? It's stuck in the middle between great support at 998-1000, and huge resistance at 1100.
It should pick a direction after the Fed talks on Wednesday. We'll see…
Red
Yes, that's very true. Futures are down this morning 10 points to 1028 area. So, we could go down first, and then rally on the Fed's. Hard to say, but I'm not taking an long position until 998-1000 is hit.
It's much safer to wait the rally back up and only take short positions, as the trend is now down. That 1073-1076 area is about the highest I can see the market going. But, it first needs to find some support, and I believe that to be the 998-1000 mark.
Red
Hi sweetie
I went long at LOD today with 104 nov Spy calls, expecting a rally this week to around 1060