Look at the 133.11 low print on the 10am candle… they were telling everyone that’s were the B wave down would go to. I think we won’t go much lower and instead rally into a C wave up into tomorrow. You should be fine with your long.
Ok gang, it looks like we are going to do an ABC move up today. Looks like we finished the A leg around the 50% retracement level, and we’re now going down for the B leg.
After it’s done, I expect a C leg up, which “could” take out the current high and hit the 135.14 spy FP? Bears might want to take some profit when the B leg down end’s?
Yes it will… We could go on down for a double bottom, and if that breaks then we should head to the 1311-1313 area.
it will be games till month end.
I see 132 to 134.5 easily as a range for shennaigans.
Look at the 133.11 low print on the 10am candle… they were telling everyone that’s were the B wave down would go to. I think we won’t go much lower and instead rally into a C wave up into tomorrow. You should be fine with your long.
SPY 133.11 – why did I buy the DIP (days ago), why!?!
teehee.
come on C leg, show yerself!!!
i agree red – they will yank this thing around to get dip buyers in and bears out before they kick the stand out from beneath this market….
Might be. I’ve noticed a few prints here and there, specifically during the morning session, that had loosely defined a range for the day.
ES Chart: http://niftychartsandpatterns.blogspot.com/2011/02/es-fibonacci-levels.html
What is a range type print? Are you thinking the green FP spikes are the valid ones? Is all of this to confuse everyone?
That red one looks like a “range” type print. Change in strategery?
Ok gang, it looks like we are going to do an ABC move up today. Looks like we finished the A leg around the 50% retracement level, and we’re now going down for the B leg.
After it’s done, I expect a C leg up, which “could” take out the current high and hit the 135.14 spy FP? Bears might want to take some profit when the B leg down end’s?