Pete's Place

chart of that last trade

hindsight: that lower low around 9:04 was a decent long entry

 

on the lookout for longs in the 1535 area, shorts in the 45-50 area (where it just turned down from)

 

decent long entry right now (bounce of 200 SMA) but not currently on my menu thus I pass

 

will go long if it starts forming a higher low here

 

long 42.5 trailing 5

 

tgt1 48
tgt 2 55, but no limit order; close if it turns around 53-55,
else hold onto the breakout till EOD

 

out 38.5

result: -4.0

 

here's that last chart

 

So today's the market has both broken thru support, and broken thru resistance. The a/d line is slightly positive but hanging around zero (pic attached). At this point the only thing I will trade is some sort of huge hammer, shooting star, or doji, and it's gotta be in the right place (31 or 55).