the TA enthusiasts will see a inverse H&S, those patterns are of no value to me, everybody has heard me explaining the 1127.38 gap so once that gap is filled my inventory will be unloaded for this setup.
It is important to note if we get a higher close than open on the $SPX today it'll be 5 consecutive in this sequence. An important clue on the daily especially if we close the 1127.38 gap today.
Great post Red 🙂
Sundancer can you share the origin of those controlling lines ?
TIA 🙂
TNA is a hold — whether it goes up or down
TZA is a buy on a white candle (doesn't look too promising)
What is american bull saying today.
Lamenting my decision to buy some TZA yesterday 🙂
Added some TZA at 8.46
Sundancer, thanks.. Spx 115 and S&P 1127.38 are important.
Earl, what are you up to today?
snapshot of controlling trendlines on SPY daily
http://www.flickr.com/photos/47091634@N04/44007…
SPX 60 min chart
http://www.flickr.com/photos/47091634@N04/44006…
the TA enthusiasts will see a inverse H&S, those patterns are of no value to me, everybody has heard me explaining the 1127.38 gap so once that gap is filled my inventory will be unloaded for this setup.
It is important to note if we get a higher close than open on the $SPX today it'll be 5 consecutive in this sequence. An important clue on the daily especially if we close the 1127.38 gap today.
Carl just now:
March S&P E-mini Futures: Today's range estimate is 1113-1128. I expect the market to reach 1200 over the next three months.
1113-1128 Todays estimate range for /ES
1103-1116 Yesterdays estimate range for /ES
Carl owns one unit of /ES at 1098.50 since last Friday
It's up 23 at the moment.
Nice chart, Dreadwin