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

2nd target hit, well off by 1 tick

This is what we use to give the levels on a intraday basis

 

So how do you calculate the targets (regular and extended)?

Also, what do the blue bars mean?

Thanks.

 

Software tells us where the targets are
and the blue bars are TradeZones
meaning times of day the market is likley to make it's move
there are 15 but only 9 are actual Zones the others are pivot
times

 

Interesting day. When I first saw your targets in pre-trade, the range in levels told me that today could very well be an "inside day".

Lo and behold after all the "navigating" that is what we ended up with (aside from your upper targets being hit).

Thus far we are consolidating. What I mean is a possibly expected and decisive move back to the downside has been so far avoided.

Yes, in retrospect your gains were made to the upside, but I am looking to see if every point can be drained upward and beyond into a new bull rally.

For that to happen, we have to first avoid a downshift.

 

I amended my previous statements to reflect your targets being hit, Joe.

But when I rechecked the targets in my inbox (I hadn't thought we met them) they indeed were far off.

ES:

946.75

extended:

950.50

From your post today -

ES:

930

extended:

934.50

I suppose they were adjusted in your trading room after seeing the first hour action?!?p$

 

I Always use the Balance Chart for 1st targets just in case it is an inside day like today with no real breakout or breakdown in market

 

today hit some key price levels in the ES right on que with some timing signals. the first push up in the AM to the highs was a calculated move from the last sequence of waves up. it doesnt always work out as nicely as it did today, it also coincided with key price targets...actually falling right in the middle of the 3 pt difference and price turned on a dime there. only took short trades today and held overnight tonight looking for continued weakness... we are sitting at time and price targets so would take a very strong surge to break the symetry here...

 

ES update... overnight selloff starting the move down. bounce off initial targets/support on the way down.

 

PIC of Balance Chart

Notice we are below MID POINT PIVOT
& 1st hour high

 

Opps almost forgot TARGET HIT..........

The last 2 days being inside days, I knew they would be hit today
and a poss breakdown to 903 area