Why would we hit the 1160s if this is topping? On the cash this looks to be the place for a turnaround since we'd form a double-top with Thursday's high. Wouldn't a move to 1160 indicate a breakout?
that spx tl is from oct 07 and apr 10 high,so a major tl, they usually hold,but breakouts happen,just saying if we breakout, i just use the tl's and market profile as... if we are going up ...to where?.. or down ...same thing
We are in uptrend channel on daily, therefore resistance line is trending up as well. Today 60 will be breakout, tomorow will be not. btw, we are oscillating here so much that I do not think that we can miss 60- true breakout or false aka bull trap
Superb. I actually had similar entries (apart from your initial 49 entry) Too easy Im cutting down my posting nowadays. I'll leave the bears in here to it, lol.