seeing as this is somewhat an educational thread anyone can spare a min to tell me what SDD stands for?
I think ES closes at 895 or lower today FWIW: SPX tech stuff below Market View: Stock indices pull back near morning lows (914 -19) -Update- Noted in the 10:03 update that the S&P held near its 50 ema but that patterns suggested a limited bounce and new lows and then a larger recovery. At 11:09 suggested the larger recovery looked in the works but its would be temporary. The S&P slightly breached intraday resistance mentioned at 919 (hit 920) and in recent trade has pulled back near the morning low (912.80). A sustained breach of 917 and the 920 area is needed to allow for further upside corrective action but it would still be viewed as a temporary pause. Initial support below is in the 910/908 area followed by 905/904.
No, we are right on schedule. Watch the action around 2 pm. Rule: IF there is a new LOD after 2 pm, get short and stay short until at least 3:30. Strange thing happened when I typed "SDD timeline" into the search field (for those who asked): http://elitetrader.com/vb/showthread.php?s=&threadid=144694&highlight=sdd+timeline
According to Pek's dragon pattern, the key moment is probably now. i.e. double bottom failure at 14-16 area.