On Monday morning of this week, there was a fake print of 114.21 at 9:10 am. We just hit it and are now bouncing back up from it. The next fake print is at 113.52, with only one print of it showing up right at the close of the day (4:00 pm EST).
But, there are a total of 4 fake prints at 111.30 in the afterhours session. I think that is our downside target, with a bounce at 113.52 up next.
Just bought a few calls as cheap insurance. If this sucker takes off to 118 at least they will defray my losses. We can count on a correction at 118, I believe.
On Monday morning of this week, there was a fake print of 114.21 at 9:10 am. We just hit it and are now bouncing back up from it. The next fake print is at 113.52, with only one print of it showing up right at the close of the day (4:00 pm EST).
But, there are a total of 4 fake prints at 111.30 in the afterhours session. I think that is our downside target, with a bounce at 113.52 up next.
Thank g-d you are here. Does red containment on the 120 = 105?
I'm starting to think we will rally to 1050 and tank through EOD.
SPY @ red containment 60 min
http://www.flickr.com/photos/47091634@N04/46059…
If the dam breaks then, we go back to red containment on 120 min
Why all of a sudden did 115.0 provide no support, because it gapped below containment.
Everything in the market is a moving target!!!!!
I am. I have a 1/3 of my positions to cover there, 1/3 at 1082 and a 1/3 at 106.
Just focus on those fake prints from Mondays' afterhours session. There were 4 of them on the 10 minute chart… all at 111.30! That's our target!
Oh, well, what's $800? LOL
help me hang on g-d.
Just bought a few calls as cheap insurance. If this sucker takes off to 118 at least they will defray my losses. We can count on a correction at 118, I believe.
This is so hard.