March S&P E-mini Futures: Today's range estimate is 1095-1110. I think yesterday's afternoon rally means that the drop below the 1090 level was a terminal shakeout and that the market is headed higher. The 1130 level is the short term target and I expect the market to reach 1200 over the next three months.
Note: 1095-1110 Todays estimate 1086-1100 Yesterdays estimate 1103 right now
It showed up yesterday on the 10 minute chart, in my Ameritrade account. Anna seen it in her TOS account too. There were 3 fake prints, each with a different price, but all around 109.17 to 109.40 area.
The previous (TZA) BUY-IF signal is null and void. We allowed two days for the confirmation of the bullish pattern and market denied confirmation. None of the three bullish conditions were realized.
It is now time to wait for the next signal. Meanwhile, either stay at cash or check the other stocks. Do not bother with buying or short selling this stock as long as the WAIT tag stays.
(I really like this site. Look forward to a real buy signal.)
Looks like a pretty boring day today. I guess everyone is napping?
In TNA 43.21
Carl: long one unit /ES at 1098.50
Carl just now;
March S&P E-mini Futures: Today's range estimate is 1095-1110. I think yesterday's afternoon rally means that the drop below the 1090 level was a terminal shakeout and that the market is headed higher. The 1130 level is the short term target and I expect the market to reach 1200 over the next three months.
Note:
1095-1110 Todays estimate
1086-1100 Yesterdays estimate
1103 right now
It showed up yesterday on the 10 minute chart, in my Ameritrade account. Anna seen it in her TOS account too. There were 3 fake prints, each with a different price, but all around 109.17 to 109.40 area.
Leo you said “Fake Print” at 109.20 on the SPY. What time frame. did it only show up at the end of the day?
Great, I get fantastic technical analysis and you get compliments. Good trade in my book!
Pardon the fundementals …..BUT
One analyst/trader on forex TV is looking for a negative revision for 4th quarter GDP comes out fri 8:30am, which he says will be neg for stocks.
Ramsey Bilbiesi tues 2/23 4:43PM
http://www.forextv.com/Forex/Video/Video.jsp?ch…
skip to about 5min 50sec on the
This is consistant with an early pop (Pre 8:30am est) than a sell off in stocks.
I really enjoy the feedback 🙂
Official word from http://www.americanbulls.com on the TZA buy signal from 2 days ago:
The previous (TZA) BUY-IF signal is null and void. We allowed two days for the confirmation of the bullish pattern and market denied confirmation. None of the three bullish conditions were realized.
It is now time to wait for the next signal. Meanwhile, either stay at cash or check the other stocks. Do not bother with buying or short selling this stock as long as the WAIT tag stays.
(I really like this site. Look forward to a real buy signal.)