1st target hit, let's see the 2nd. I'm not sure the 2nd though because I never did a statistics about it.
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BullBear52x wrote:important number to watch, Bullish island reversal + 38.2% reversal on Fib fan is very promise, so.....121.5 is where bulls need to take out if they mean business.
yes, a trade above 5 dma is part of the rule, only half lot on SSO. nothing else, if we have a continuation up higher tomorrow, will add the other half lot and start accumulating long etfs, a trades below 118 SPY all bet are off.
Got to stick with what you know, if can not trust no one, I would at least trust my own charts
My comments are for entertainment/educational purpose only. NOT a trade advice.
Dow Trader wrote:closed the short that been opened at 1193 ( covered at 1184 = + 9.0 points ES ) ..... flat now
god damn it, that was a good trade for you. You didn't short at 10:35AM and you didn't short at 11:30AM but waited 1:30PM for final confirmation. Nice play!
Covered at A=C or 1.618 of A. I like your strat my man.
Dow Trader wrote:closed the short that been opened at 1193 ( covered at 1184 = + 9.0 points ES ) ..... flat now
god damn it, that was a good trade for you. You didn't short at 10:35AM and you didn't short at 11:30AM but waited 1:30PM for final confirmation. Nice play!
Covered at A=C or 1.618 of A. I like your strat my man.
Question: why can't the ES trade in a range for 1 or 2 days before trying to fill the 1198 gap down. Technically, it would make more sense, but not much in this market makes technical sense.
fighting the resistance, let's wait. I have no clue now simply because the market is about to close, anything could happen, so let's wait.
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Cobra any read for tomorrow. I see a test of today's high followed by a sell off or a gap down and into never never land. Either way, looks down tomorrow.
ActiveTrader wrote:Question: why can't the ES trade in a range for 1 or 2 days before trying to fill the 1198 gap down. Technically, it would make more sense, but not much in this market makes technical sense.