for a positional trader the rally from here if it happens will be looked after by the 50 DMA. The death cross may not give its results right away. But the trend will remain down for a long time unless something dramatic happens
In the past I've held my shorts and been burned way to much by the ramps. Got out all my positions this morning and just waiting for some decent retracement to get short again. I don't trust any move at this point, whether up or down.
He's just showing both the upside and downside targets, but he's clearly not looking for the upside one's to be met. He's bearish and thinks the 1066.50 ES level will be next.
Well, you can't blame them for taking some profit. They've be screwed too many times before, and bail at any profit they get. But, we know that the downside target is 107.35 spy, which is probably the 1066.50 ES that Mr. Topstep is calling too. So, this bounce should be short lived.
for a positional trader the rally from here if it happens will be looked after by the 50 DMA. The death cross may not give its results right away. But the trend will remain down for a long time unless something dramatic happens
10400 just broke on Dow??? What do we have here??
In the past I've held my shorts and been burned way to much by the ramps. Got out all my positions this morning and just waiting for some decent retracement to get short again. I don't trust any move at this point, whether up or down.
The futures is a different language and they talk so fast I have a hard time following.
He's just showing both the upside and downside targets, but he's clearly not looking for the upside one's to be met. He's bearish and thinks the 1066.50 ES level will be next.
I am not sure what i got out of that.
one guy is looking for a low of 1066 and a range of 1093 that if it tops out at 1098 we go back up?????
Well, you can't blame them for taking some profit. They've be screwed too many times before, and bail at any profit they get. But, we know that the downside target is 107.35 spy, which is probably the 1066.50 ES that Mr. Topstep is calling too. So, this bounce should be short lived.
Looks to me like some shorts are getting nervous and covering before last hour hits.
Looks like Mr. Topstep is looking for 1066.50 ES, unless 1098.00 hit. If so, then 1104.00-1111.20 is upside target… but Tim Hefner says “no way”.
http://www.youtube.com/watch?v=9qKHCNio5Kw
Vixes is moving from 14.5% to 12.78% So we have strong selling but it has been calming the last few minutes.
Iam guessing a bounce may materialize in the last hour. But as long as the vix stays above 12% it will be a limited bounce