S&P daily pivots and break-down & up Targets

You know it is had as hell to chart this market...............LOL
I never thought I would be doing any more than 24 point range but I get sick of missing the big moves, but hey not bad
1 tick from my target and NQ went thru it, it was the DOW that
got me today 33 ticks EHHH not good



JB

 

Yup, levels cooperated today, where even a caveman can do it, lol.

I take it a close this low will re-establish the downtrend?

Nice to have a day where end-of-day manipulation isn't jerking things all over the place.

Dunno, but thanks JB.

What about that anemic volume, Joe?

Pay$

 

anemic volume?
Nobody has any money left to trade..........LOL

or if they do they scared as heck
:eek: :eek: :eek:


To be serious, I will look at it to relation to the up move and see if it is a big deal

 

ok,this looks like an interesting thread to follow. I only follow people who know what there talking about. I don't trade futures yet, are there some good etf's that would work in tandem with your trades? thanks much

 

ES = SPY
YM =DIA
NQ=QQQQ

 

The most popular Ultra ETFs are with major index funds. Some examples

NASDAQ 100 Long, ticker QLD, which is 2x the long
NASDAQ 100 Short, ticker QID, which is 2x the short
Dow 30 Long, ticker DDM, 2x long
Dow 30 Short, ticker DXD, 2x short
S&P 500 Long, ticker SSO, 2x long
S&P 500 Short, ticker SDS, 2x short

If you like tha action of futures, Ultra ETF'S will fit the bill

or you can just trade the tracking ones that Surdo posted

JB

 

Thanks for the ETF's guys, that's enough to get me started in the right direction.

 

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Just a quick vid

 

JB:

I am looking at futures options for hedging "swing" futures trades.

What would be typically recommended: American- or European-Style.

Or perhaps index options are preferred?

GA aka Pay$ense

 

Love the vid, thx.
Here we go again today, wow.
Oooooh you said 7 something, eek.
Today's Hawaii Headline - State Pension fund lost a Billion bucks...
I like your calm happy voice unlike the others (manic, depressed, gloating, boring) so thanks again.
I had a great day already and got bored around 888 so took my profits and am ready for bed.
Mahalo