Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
Out Out Out!!!2370.00
~2361 looks like a good target short on a big retrace starting at Feb 21st. 2366.0 looks like a big support level. If it can break that...yeah, I'd shoot for ~2361. But I trade physical commodes, I know nothing about ES.
Yellen is gonna' mess this up though.
P.S. if you want to be balsy on the Fib, look for ~2349 for 100%. But it probably won't get there before March expiration. Look to June for that level to be safe.
Looks like a good chance of a bounce here into the close.
Buyers will be stepping in from 2360 to 2326. Heads up if you went short from the highs...
I don't think it bottoms out (in a more significant sense) until around the end of March. Russell led it on the way up and will lead it on the way down.
The move back to 2400 is not ready yet. Staying out for the time being.
Be careful buying here at 2371 if you are day-trading. Use extreme caution.
High of the day likely in at 2373
Short Short Short!!! 2369.00 Initial stop looks to be 2381.00
Separate names with a comma.