Well we came within 2.5 points of the 2994. Right back at 2984 now. Close, but no bingo bango. Oh well, still played out like I thought it would pretty much. Now what? Hmmm. Watch for a bit.
What a call. Low of day at 2969.50 ! The market immediately reversed off that level....good for 7 points.
no watching get on the ride, we are going to the moon soon. a new RTH low was made, though went below 72.00 but did not close below, another attempt to push for another low happened, which was all as calculated, on longer term charts, for me very high probability of price going to 3050.00 area soon, may not happen today but within this week i would like to think so. higher probability as of now, unless something changes. Need to check @85.00 how low will price attempt to go down. more precise answer around 85.00 i think in MHO.
though a new RTH low attempt is due but i am assuming it will happen at 85.00 and if price makes a new RTH low from there then it is all as per calculation. if before price going to 85.00 a new RTH low is made then it is back to drawing board.
a new RTH low is being worked out, so lets see if, it makes a new low then i will watch how low it gets, if it is within calculated range then still old calculation is working if not it is back to the drawing board. ideally it should reverse from 71.00 since it is short term so i am assuming it should not go very low. but if it makes a new low and down to 62.00 then no biases.
if 80.00 breaks ideally price should test 75.00 and reverse, if not 71.00. if new RTH low comes from 80.00 then it is not as per my script. ideally from 80.00 price should test 75.00 and from 85.00 price should test 71.00 no new RTH low should happen. if it goes awry then no biases.
Tenny - you are really rambling on here. Bottomline: Analysis-Paralysis syndrome IMHO....especially on such a small range (i.e. doji) day. FWIW: 80 proved to be a late afternoon resistance level.....but no hard sell-off from that level.
Even though my trades tend to last less than a few minutes, there is a potential Island Reversal in the making