I flew up to MSP this early morning for a family issue that I have been dealing with the past few months (since I left the ET chatroom were I would hang out most days during the trading hours). I will fly back to AUS tomorrow once I have things here for my sick parent better stabilized. So tomorrow I will post up some charts with the days action. As I mentioned in this thread to Tradingbug, I saw only a 30% chance for the previously projected 905 to 908 delta zone to hold prior to a significant retrace. At this point from previous months action, I am currently looking at the lower 940's as our next significant delta zone of resistance (905's to 908 previously projected delta zone worked very well for numerous price rotations off the bottom of that zone......several for over +10 point moves). As I get new intraday or multiday delta divergences, I will be taking decent sized short bets as price rotates at these resistance zones. If the ES can trade up to the low 940's, then I will be looking to use any short signals for taking a bigger sized swing at this market.....looking for the retrace off this multi-week run up.
Thanks for this post. It really helped to make me understand (or so I think) your logic. I know there are different levels on different timeframes but when you get a chance can you confirm if my support levels are correct or not. Thanks and best wishes for your family.
So you SOLD right....based on YOUR model? Now that 923.00 is trading ( :eek: ) are you adding to your lower level underwater short entries??? ......let her dump!
Now trading at 923.50..... Oh well......time to get ready to fly back to AUS, I will put up some charts later once I get back home from the airport.......have a great trade day everyone!
Now trading at 925. Was trading earlier at 928.5. I expected it to fall to 918 in closing gap with cash session of yesterday.
Check the market now! It is now at 914.50 (time is around 10:15AM). That is an inventory grab! You can now grab their money!