Looks like we smacked our heads directly on the 850 upper trendline of the symmetrical triangle we've been in, and sold off hard. Made a big shooting star as well. I'd say there's a good chance it's time to test support levels.
Today I sold the next resistance delta "net short" holders zone above the 837 area zone from yesterday. I sold ES into the delta 848.00 to 850.50 "net short" holders zone today while in ET chat with entries at 848.00 and 849.00.....I covered the 848.00 entries quick (at 846.00) and held the 849's for targets at 844.00, 839.00, and the last out at 829.00. I am still holding my remaining 873/874 area short entries from last week for final profit targets at 803.00 and 793.00.
Dude, I hope you are only joking.....stock_trader3 is a student of Jim Cramer and has not only lost all his life savings, he has never even made a trade or investment in his whole life - he even admitted it. Trust me traderyin, if you follow him, you won't even be able to afford net zero. Much, much, much better to use him as a contrarian and do the exact opposite as he says 100% of the time.
I would agree...823.00 or lower will begin the trading session moving to the lower 800-750 support areas. The internals ($VIX, $TRIN) will show confirmation as the trading session progress.
Great chart work winstontj...interestly enough there can't be positive discuss a subject unless more than one opinion about the subject is shared...I use Fibonacci analysis in my charting tool set...I received this today.. http://www.projectstreamer.com/users/cb1618/vidfeb5/vidfeb5.html
Interesting video, I think I've seen that woman before. I started crying while watching one of her fibonacci cluster webinars, and thought, this is just too much for a boy from Tennessee.
Gap down in the $SPX this morning....as increase in unemployment claims hit the news wire. We're below 823.00...