I think we`ll see another slow, range bound session today. Resistance @ 1273-74 is strong. We will probably pass that level sooner than later, but since there are no important news for the day, I don`t see it happening today. That said, I did exit my short @ 1273 @ 1272,50, since I was not convinced of a sell-off either As of writing this though, it seems like we actually might go lower for the day.
LF-i am going to show you what i do every morning before entering the market- it will help with patience and looking through for timing - go to - thinks.com click on checkers go right to level 10 - you need to beat or have a standoff of 1 -2 kings to be in the mindset to trade - good luck with it - i will i could overlay a checkers board on the es chart
r10 from 64 and a pivot point was also right at 73.87 You do realize there is a gap below on cash that we can fill ?
Ugh, I missed going short by one tick, had a big order in at 1273.50, although I wasn't expecting this much of a drop.
Market Stutters As $6 Billion In ES Goes Through http://www.zerohedge.com/article/market-stutters-6-billion-es-goes-through
Hehe! Thanks, creekboy. I`ll check it out Yes, I was already anticipating that we might sell-off to the bottom of the range, but I was caught by surprise that it happened so fast during "lunch hours". What kind of pivots are you using?