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Bulls need to defend this area or we go to below yesturday's low , this is very important for the bulls today to hold, they may go below it as a fake breakdown so lets wait and see ( but I still think we will have a boring day while we are betwee 1230- 1213 )stucap wrote:i'm a buyer at 1213 but 5 min ES vwap sits above it slightly so it'll either hit that and bounce before filling me or maybe it'll wait a little longer before testing.Dow Trader wrote:Here comes the first test for YM 11460 - 11440 ( 1213 - 1211 for ES ) support area for bulls today
Ditto! Profitable traders are patient and disciplined. Hardest thing to learn! I wait, too. No confirming bears until the moving averages (10/20/50) start crossing and we take out a past major support area. Got in the other day when all the averages confirmed bearish, but a major support area was underneath. I had to jump ship with small gain when I could see 'em coming after me.tdo722 wrote:this is the reason why i wait.
looks like it. went down, couldn't even get to the bottom vwap on 5 min ES and now in 15 minutes, it has blasted through the upper threshold! i'm so frustrated.soku wrote:me no p-bar fan, but i guess 1230 is a legitimate one. if eu deal, we will get there, if not, we may head lower. tape reading shows 1210-1215 as strong trading bottom. i guess the market is expecting news today.
yes, I am.Al_Dente wrote:BB52x
u in that TYP elevator?
There's two gaps, 388 and 422. Would be pretty amazed if it fills the top gap..short term is still down.simpletrader wrote:The way I see it, aapl will try to filled the gap, could be at least half of it. So the tech and the market will go higher, speculation at this point. sit side way.