sell 2, wow, nice entry there. Buy programs took this past the hi on 4/7 when they ran it up premarket on the employment numbers. Hi of 1324, 4/7. Options madness on steroids.
Thank you. Once I had profit there in the long, I wanted to switch down to the 3 minute to give a quicker reversal signal. The longer I do this , the more I want to trade the 3 , but it seems to give more falsies, but maybe that's just day trading.
The 12 minute chart would have had me short at 1319.75. I will stay looking at the 3 for now since I have profit in the short.
Yeah, nice trading there B1S2. I agree with you 3 min charts are brilliant to see reversals formations, but I would still analyse T&S at the same time.
The 3 is bouncing a bit. I'll set my stop at 1321.50 which 1 pt over the recent high where it pivoted. I know--I'm giving most of it back.
This volatility today proves a point that one has to have access to key data, that influences the economy of the US to be able to analyse the affects this data might have on price of S&P. Oil shot down and we had a lovely run upwards. EDIT: I've deleted the above post as it was full of s..., I think I need to chill a little here