tough to say. S1 is not a real strong support area. the thing to watch would be NQ. it has not tested this area. S1 on NQ is still intact. I suspect that won't be the case for long.
I keep giving away profits in the afternoon, not sure if mind gets exhausted or the PA owns me, second day in a row I read the afternoon wrong. Anek
Me too. I originally entered my short ES @ 1200.75 and short YM @ 10980. I watched as they both went my way off the bat only to get scared as the market bounced and I got out with only a small profit. Then I watched as the market continued to bounce higher so I realized my mistake and re-entered my tickets to get short again from my original price. After placing the trades I waited for the market to fall and fill my order. As soon as i got filled the second time around the market bounced even higher and i had to sit and watch my P/L go negative on the trade. since i use extremely wide volatility stops i figured that i would just have to sit and wait it out overnight. well long story short the trade is working out fine as i remembered to stick to my guns. even us old timers can miss it now and then. keep up the good work.
nope. i dont think so. not this time. maybe a small bounce off the lows but i'd be surprised to see a parabolic up move without ppt intervention.