We may have to probe another 10 handles deeper to 2635 or so but should get some nice overnight levitation. Long at 2645 and adding down to to 2635 for a 35-30 handle move up. Stop at 2614
I hate to see anyone blow up or take a beating by giving up several months of hard work on one trade... The writing is one the wall here as far as direction goes now... For anyone trying to CT / Counter trend trade it should play stops tight to the vest & be extremely nimble & flexible. Significant slide & follow thru today off the Diamond break on Monday & the TL kiss from under yesterday... expect more downside from here to my objective 2400-2425 zone as noted previously. Nice to see Vol/ Oxygen infused into the markets again... will provide lots of opportunity both ways for those that can switch hit. That said, Catching a turn is one of the most difficult endeavors a trader can take on, regardless of direction, so when executed successfully , it`s a very rewarding feeling! ~Heavy
61.8% retrace has been broken on daily time frame for long trend. Out of my long looking 10 pt loss. Looking for short entry now.
i can't help thinking we're gonna see a Black Friday/Monday triggered by mueller getting canned or something.
Short 2628.25 looking will average into this trade if it goes against me. Trump declared $ 60 billion in new tariffs against China.
Target was hit, I did not need to average up. I took around 1 point of heat. If I averaged up I was going to look for a longer target, but I wanted to be out for the weekend. I don't think I am going to trade Friday during the day. I got around 2 points.
Bouncing off major regression lines ( 2666(break) ----> (2630(break)----> (2630(break)----> (2666( ? ) ..