Oh, is 2789 the top of your S/R range? I can see that, but it's a longer time horizon than I'm looking at (which jives with your holdings, I think). If it were a stock, I'd be looking at the 2780 moves in terms of delta-hedge S/R; meaning we're looking for large moves through, or move to halt on the level: 1/12 - Green candle moves strongly through. 1/13 - Red candle settles on 1/14 - Green candle reverses 1/13 candle 2/2 - Red candle shoots through 2/26 - Green candles stops 2/27 - Red candle reverses 2/26 (the mirror to 1/13-14) Today - Green candle moves strongly through (after pausing for hours). My read on the last 15 mins or so today would be breaking the 2/26 pattern and signalling clear skies above. I'm full bullish going into next week (except a lonely put position on LULU). But obviously, my view of S/R is tempered here by the lack of volume or the ability of delta-hedging an index to filter down to its components. But this pattern is confirmed in general by individual stocks (different patterns, but mainly bullish confirmation patterns with a few bull signals)
Its has since come to my attention over the last week that - There remains further Un -discounted pips within this S&P 500 Derivative so Price has every change of Continuation Uptrend Phase. Sorry some Price Objectives were over looked at the time but have since been noticed. thanks for your time in this matter.
Well try reading it My Dear - If you can`t than you are not worthy of my intelligent thoughts - What it dose say is Expected S&P 500 Derivative to Fall - Like its falling like a knife - Now to put matters right I say - Its has since come to my attention over the last week that - There remains further Un -discounted pips within this S&P 500 Derivative so Price has every change of Continuation Uptrend Phase. Sorry some Price Objectives were over looked at the time but have since been noticed. thanks for your time in this matter.
I think you lost me when you said pips on the S&P 500 derivative. I of course know what you mean by this but it's telling by your language that you actually don't. Nobody uses the term pips for futures and nobody calls the ES the S&P 500 derivative. Maybe you think you're being smart but people that actually know stuff about this aren't going to take you seriously.
You have A Good Point I am not intended on trading ES - End - Thanks for showing concern. I Will not comment to this post in future it was a one off but I seem to have gotten dragged through here.
Bullys trying to defecate all over this Topping pattern on the larger TF`s.... That said, Diamond Tops are still Technically sound & have not been violated... as of yet! 10 Yr Note is in nose dive mode trying the 119 handle on friday... pushing yields up to 3% Range. If there was ever a time for "The Turn" over the last decade.... it`s with this set up! DAQ/ Tech is leading the charge north on this drive... Dow expressing weakness & staying intact with topping .. while all eyes are on Spooz as the battle to test ATH continues in earnest! PPT evaporated that 30+ handle deficit as they ramped it up on thin volume in pre market... & 60 min HS was decapitated on Weds/ Thurs of last week. This week should be very telling... let`s see how we roll..... Hand high.. Chin tight... Fight the fight!
So what you`re saying is , with Fridays Bully PA, you would now like to conveniently skin your previous bearish stance & embrace the bull horn & kiss it`s horn while on bended knee? Gotcha.... Need to see everyone here Bully... I like it!... Very few are built to be contrarians... majority are sheep.... while some are even balls in high grass................... Lost!
We have now printed above 2789 cash. This will be interesting now to see if we have continuation or reversal here. At the moment, I remain long with my 2710 stop.