This could be all we get gang? Meaning that if we selloff into the close and make a higher low then the 1384 ES low it could be the B wave down with the A wave up happening right now. Then the C wave up would happen tomorrow and could continue into Friday. Either way I’d exit all shorts and see what happens.
The 13,000 level is important for the DOW and we might not see it broken again… meaning that it only broke it today and could recapture it tomorrow. Today was a nice day for the bears and we shouldn’t get greedy.
it does.. I never go all in, There’s always that chance of being wrong. I grabbed a 138 weekly put to play a little risky with a small amount, since today ended up working out for me.
This could be all we get gang? Meaning that if we selloff into the close and make a higher low then the 1384 ES low it could be the B wave down with the A wave up happening right now. Then the C wave up would happen tomorrow and could continue into Friday. Either way I’d exit all shorts and see what happens.
The 13,000 level is important for the DOW and we might not see it broken again… meaning that it only broke it today and could recapture it tomorrow. Today was a nice day for the bears and we shouldn’t get greedy.
closing today possibly last Fri close area. best is close and reopen tomorrow. target remains 138.35
Ok gang… I’m out of the river and full with trout now. Time to take a nap and wait..
Probably going to rally the rest of the day, but be choppy. Then there could (should) be some more selling into the close.
it does.. I never go all in, There’s always that chance of being wrong. I grabbed a 138 weekly put to play a little risky with a small amount, since today ended up working out for me.
DOW Jones Weekly rising wedge: http://niftychartsandpatterns.blogspot.in/2012/11/dow-jones-rising-wedge.html
Thanks Turbo…
approaching 138.35spy area, caution urged there
Support levels for the SPX…
http://screencast.com/t/yuKCVa3FC
Bummer Anthony… but I’m expecting tomorrow to be down too, if that helps?