Well i think ur right red, cause i caught at very high rate on my puts & as we move toward opx put value came down with light vol. though i reached my target. So to reduce my cost i did avg. & exit today. The timing is very important ……
So far it looks like the low over the weekend was 1068.50 on the ES Sunday night. I still think we will dip down in the morning, but the rest of the day should be up.
Hi Red, just looking at your 15 minute chart. My 15 minute chart…You want to know the truth? The signals won't balance themselves out for at least 2 days minimum. Ergo, nothing strong indicated as far as day to day market directions. I'm stuck in limbo. IWM for instance, could go well below 58.6, or trade sideways. I'm not seeing any bounce on IWM for Monday. I am seeing a trend change (higher), for later this week.
Yeah… I seen that. That tells me that we will likely revisit that 1068 area early in the morning session, and it should bounce there. With little data or earnings to move the market this week, the bears could easily get squeezed hard I'm afraid.
Agree Red. Now that we filled that gap lets rally……
Follow the vix. they are selling into this bounce.
Broadcom Trading near 200 DMA
http://niftychartsandpatterns.blogspot.com/2010…
Well i think ur right red, cause i caught at very high rate on my puts & as we move toward opx put value came down with light vol. though i reached my target. So to reduce my cost i did avg. & exit today. The timing is very important ……
Dow Jones Futures before opening bell
http://niftychartsandpatterns.blogspot.com/2010…
Good Morning Gang…
So far it looks like the low over the weekend was 1068.50 on the ES Sunday night. I still think we will dip down in the morning, but the rest of the day should be up.
Hi Red, just looking at your 15 minute chart.
My 15 minute chart…You want to know the truth?
The signals won't balance themselves out for at least 2 days minimum.
Ergo, nothing strong indicated as far as day to day market directions.
I'm stuck in limbo.
IWM for instance, could go well below 58.6, or trade sideways. I'm not seeing any bounce on IWM for Monday. I am seeing a trend change (higher), for later this week.
Yeah… I seen that. That tells me that we will likely revisit that 1068 area early in the morning session, and it should bounce there. With little data or earnings to move the market this week, the bears could easily get squeezed hard I'm afraid.
Good video tonight. We bounced nicely off 1068 in futures. Time for a rally off the gap lower in the morning.
Weekend post is up now…