Ammo, I think the market is set to test the march lows in the next week or so. In the meantime, we could still tag 1285-1290 before then. Time will tell.
I like this chart. I'm seeing lower highs on the pink line. Could it mean that the selling pressure is abating and the market is bottoming?
yellow lines are 70% of the 100% trading range for last 9 months,82 is the res on the upside,44 below if we get momentum selling,no bounce on the bill pass and trending day,this bill pass does nothing for the projected 6 months out marekt ,which is what they say we are usually value ing at,but that yellow line has been a supp on avg right above the 43-44 note on that chart there is a 54 ledge,on the dvol/uvol ,you need that ratio to shrink for a turn
Filled... BE at 1270.30 Holding 20% of full position now. Targeting 1270.25 for 3 positions, and 1282.5 for two. Adding 1 more at 1248.75.