market needs to hit it's 20 ema on the 30 min first which is @ 110.35, then next up will be the 20 ema on the 60 which is @ 109.95, algos will be jumping all over those two cycles
next week is all about the month end setup, so could they take it down to 107.82, yes, however the likely hood of closing over SPX 1115.10 then becomes very slim and terminates a potential multi-month reversal
oscillators always look stretched coming off a IT low, you'll always notice that after an IT low in a bull market it gives birth to a uni-directional move
It looks like the 1092 spx area was the low over night, so that would seem like a likely spot to drop to in the morning before a run up in the afternoon. Am I reading that correctly?
Also, the print you saw on last Tuesday for 107.82, do you think that might be where they take it down to next Monday or Tuesday, before a final run up to 1127.38? It just seems like they need to work off some of the over bought conditions first, before going higher. Plus, that would give them some more bears to squeeze.
March S&P E-mini Futures: Today's day session range estimate is 1093-1107. The market has shrugged off the hike in the US discount rate which was announced after yesterday's pit close. The market will reach 1200 over the next three months.
Note: 1088-1105 yesterdays estimated range 1093-1107 todays estimated range
I told her that Ben, and she agreed that it could happen? It might still happen, but at this point I seriously doubt it. So, we're off on this call. You can't get every call right, but you can post what could happen, and where support lies.
no, they will throw some bait to the bears in the morning as they might knock out the stops below the daily max contain pt. @ 110.12 but nothing too far away from that
they haven't let the trapped shorts out all week, and I don't see today being any different
I checked the tape yesterday after the close and didn't see the 107.38 print, now on tuesday there were several prints on the tape @ 107.82, we already know this move is manufactured because of the 1127.38 gap
the monthly setup is very important as it will tell whether we are going to the SPX major de-leverage area @ 965.95
And in-between the open and the close, do you expect some panic selling in the morning, only to be bought back up in the afternoon? I'm just trying to make sense of that 107.38 fake print from yesterday, and how it ties in to the picture.
market needs to hit it's 20 ema on the 30 min first which is @ 110.35, then next up will be the 20 ema on the 60 which is @ 109.95, algos will be jumping all over those two cycles
next week is all about the month end setup, so could they take it down to 107.82, yes, however the likely hood of closing over SPX 1115.10 then becomes very slim and terminates a potential multi-month reversal
oscillators always look stretched coming off a IT low, you'll always notice that after an IT low in a bull market it gives birth to a uni-directional move
the market will lead and i will follow
Gcocks,
My steps lately have not worked out well. Tempted to quit taking steps 🙂
It looks like the 1092 spx area was the low over night, so that would seem like a likely spot to drop to in the morning before a run up in the afternoon. Am I reading that correctly?
Also, the print you saw on last Tuesday for 107.82, do you think that might be where they take it down to next Monday or Tuesday, before a final run up to 1127.38? It just seems like they need to work off some of the over bought conditions first, before going higher. Plus, that would give them some more bears to squeeze.
GM Earl. I don't have any idea what to do today!
From Carl just now:
March S&P E-mini Futures: Today's day session range estimate is 1093-1107. The market has shrugged off the hike in the US discount rate which was announced after yesterday's pit close. The market will reach 1200 over the next three months.
Note:
1088-1105 yesterdays estimated range
1093-1107 todays estimated range
I told her that Ben, and she agreed that it could happen? It might still happen, but at this point I seriously doubt it. So, we're off on this call. You can't get every call right, but you can post what could happen, and where support lies.
no, they will throw some bait to the bears in the morning as they might knock out the stops below the daily max contain pt. @ 110.12 but nothing too far away from that
they haven't let the trapped shorts out all week, and I don't see today being any different
I checked the tape yesterday after the close and didn't see the 107.38 print, now on tuesday there were several prints on the tape @ 107.82, we already know this move is manufactured because of the 1127.38 gap
the monthly setup is very important as it will tell whether we are going to the SPX major de-leverage area @ 965.95
and Mae West said, “Why don't ya' come up and see some time”!
On her free blog she states: “but I am looking for around 1072 tomorrow sometime”
And in-between the open and the close, do you expect some panic selling in the morning, only to be bought back up in the afternoon? I'm just trying to make sense of that 107.38 fake print from yesterday, and how it ties in to the picture.