Once the low is in either todays or possibly tomorrow, do you think the next major resistance is the 850's area, last open gap ?
Thanks! Thank you to everyone ... The truth is, I have no idea where we are going after the current level is breached. It was pure momentum projection ... and now the level is reached, I don't know if we are going lower or reversal is in play. That's my weakness.
Will you take a day off and wait for the answer to be apparent or will you make an educated guess based on other factors?
I don't, but everybody is long from 802 (cash close) overnight based on the SDD afterplay, right? Currently 808.... (not to mention mini double bottom with RSI div.)
0 the one today was all day in your favor...DOWN...anything else seen was denial of reality...the best money management is to have a super high accuracy winning system that you don't interfere with only do what it tells you to do....... down sell up buy....note the current nq clear buy...6 pm today...note the 45 degree angle...that is a trend....no analysis and commentary minutae required...only buy low and ride.......exiting along the way or all in all out...winner's choice...
es was down gorgeous today........the 6 oclock entry this pm was another wow....... all green bodies...400 easy ones...micro trading the 5 min and shorter charts tends to lose blur reality.
will only comment after hours showing respect for those who trade real money as i never wish to cause anyone to be distracted during trading hours.....there are a few here who are for real....happy trading tomorrow...
PP, POC at 822/23 resistance R1 at 849 S1 at 781, S2 755 break below that may go all the way to lows at 740 I think it retests yesterday's low, may go to 781, and then bounce to at least 822/23. Should close higher today.