June S&P E-mini Futures: Today's range estimate is 1065-95. I think yesterday's low at 1036.75 ended the drop from 1216. I expect to see a series of 20-30 point swings up and down within the 106–1100 range over the next few days. Once the market stabilizes a move to 1300 will begin.
1070.50 – 1185.75 range last night (15.25 points) 1065-1095 estimate for today (30 points) average actual range last 10 days has been 25.7 points
1082 currently, so estimate is -17 to +13 from here (a bit bearish)
June S&P E-mini Futures: Today's range estimate is 1065-95. I think yesterday's low at 1036.75 ended the drop from 1216. I expect to see a series of 20-30 point swings up and down within the 106–1100 range over the next few days. Once the market stabilizes a move to 1300 will begin.
1070.50 – 1185.75 range last night (15.25 points) 1065-1095 estimate for today (30 points) average actual range last 10 days has been 25.7 points
1082 currently, so estimate is -17 to +13 from here (a bit bearish)
I expect that we will bounce off 1090 early and spend much of the day correcting the rally, to resume it later. Pivot point is 1063 so I think that's where we'll go.
I'm a little torn on this, but I don't like my inventory as well as I could and would like to realign. I think I will partially cover at 106X and buy back in at EOD or tomorrow.
Red, I just realized that 2012 is the boiling point. Boy am I slow 2012 = 212! Anyway, I think you are right that we go up, test containment for a few hours and plunge. I am going to stay away from the computer for a while so I don't have to endure the interim pain.
If they don't allow asking for gold payment in the heading line, just write in the description that you will accept payment in gold only. If enough people start doing this, well, you get the picture.
Whoa man. I'd say, i have visited more than 50 blogs today and yours is the ONLY blog that is NOT even considering the possibility of a bottom here. I am completely with you on this one man.
“I expect the 1040 low to be taken out on this next move down.” This is exactly my point too.
If you look at the same chart of SPX using line chart rather than candlesticks, you will see a horrible looking broken chart. Just when you use a candlestick you start seeing hammers and divergences etc. Close being the ONLY important thing on the chart, a line chart gives better picture i guess. 🙂
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is 1065-95. I think yesterday's low at 1036.75 ended the drop from 1216. I expect to see a series of 20-30 point swings up and down within the 106–1100 range over the next few days. Once the market stabilizes a move to 1300 will begin.
1070.50 – 1185.75 range last night (15.25 points)
1065-1095 estimate for today (30 points)
average actual range last 10 days has been 25.7 points
1082 currently, so estimate is -17 to +13 from here (a bit bearish)
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is 1065-95. I think yesterday's low at 1036.75 ended the drop from 1216. I expect to see a series of 20-30 point swings up and down within the 106–1100 range over the next few days. Once the market stabilizes a move to 1300 will begin.
1070.50 – 1185.75 range last night (15.25 points)
1065-1095 estimate for today (30 points)
average actual range last 10 days has been 25.7 points
1082 currently, so estimate is -17 to +13 from here (a bit bearish)
You could be right. Actually, I reconsidered after my last post. If we go up, I'll buy more puts. Otherwise, I'll sweat it out.
i'm staying put. When if falls, we won't be able to get in.
I expect that we will bounce off 1090 early and spend much of the day correcting the rally, to resume it later. Pivot point is 1063 so I think that's where we'll go.
I'm a little torn on this, but I don't like my inventory as well as I could and would like to realign. I think I will partially cover at 106X and buy back in at EOD or tomorrow.
No guts, no glory!
Red, I just realized that 2012 is the boiling point. Boy am I slow 2012 = 212! Anyway, I think you are right that we go up, test containment for a few hours and plunge. I am going to stay away from the computer for a while so I don't have to endure the interim pain.
If they don't allow asking for gold payment in the heading line, just write in the description that you will accept payment in gold only. If enough people start doing this, well, you get the picture.
Whoa man. I'd say, i have visited more than 50 blogs today and yours is the ONLY blog that is NOT even considering the possibility of a bottom here. I am completely with you on this one man.
“I expect the 1040 low to be taken out on this next move down.”
This is exactly my point too.
If you look at the same chart of SPX using line chart rather than candlesticks, you will see a horrible looking broken chart. Just when you use a candlestick you start seeing hammers and divergences etc. Close being the ONLY important thing on the chart, a line chart gives better picture i guess. 🙂
Thank you for your wonderful analysis.
You will like the video a lot, as it will open your mind up to things you never new existed. He backs them up with lots of facts and evidence too.
P.S. Nice new look on your blog.
Well, like I said… I don't know EW that well.