Yes, the chart does not really give much info. I was thinking about the backtested data. Buying lower opens near the previous day's low provides a small edge; and buying higher opens near the previous day's high actually is a losing proposition. Obviously, one cannot expect to make a living on just those two principles, but it is a start.
on your chart 855-845 area has only 6 trading bars,lpossibly a gap fill coming,hard to get excited about anything working out normal during exp week
IDK but its looking like a potentially good short setup. a tad shy of a zone I have, but thats a nice wick on that 6:50 candle...I just wanna see some weakness come in on a retest.
I have the same zone (995-900 actually haha) but I feel like nibbling here. Short 90.75, stop 91.75... target 885 minimum
just be careful, after our reaction to fridays news if they want to rally we could go all the way up to test 920 tonight and close above 912 potentially. i'm extremely bullish and looking to buy all dips until the market gets me to change my mind
oh yeah, I'm very aware we're in an uptrend for now. Thats why its 1 point stops with 5 point targets going counter-trend for me haha. Already a couple points in the money, so stop dropped 2 ticks... still got my eye on 885.50 as a target.
Don't like the PA... will wait for a higher zone to get short again. Out 889.00. BTW I got a new computer setup and am loving it! The 512MB of RAM on the laptop I had been using wasn't cutting it