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

Long target ES hit in half hour!

 

Pay$, NEVER EVER fade the balance Chart !!
I was looking for the market to break down but it could not hold
below the Mid Point Pivot & 1st hour high

When we broke above I was a Raging bull


Not sure if you watch open range or not but have to respect it !

Bulls Live above Mid Point, Bears live below

JB

 

Now Today I was a total BEAR as you can see why
GRRRRRRRRRRR

 

Has anyone ever added up the times, and the likely hood once price crosses the 'line in the sand' and hits into the red or green.....the probability that the target is hit?

 

i havn't but yesterday was about the 3rd time his hi or low target was exceeded in the 3 or 4 months i've been watching his #s,what are the odds of that in these mrkts

 

I will have to admit it has been hard to predict this market
but if you see how the markets act when they are ALL are in the breakdown area or breakout area you will notice it is then you can lean hard on the numbers I lay out !

So if the S&P is holding above and Dow is breaking down
you have to be careful, you need ALL markets to be in tandem
is what I am saying.


I will be doing videos in the next 2-3 weeks on the breakdown
levels and how to trade them

Joe Baker

 

Watching that Mid-Point?



JB: Do first hour lows get as much of a test/bounce?

P$

 

Just goes to show. . .the market can furiously rally at any level - given traders find it oversold.

 

We took out the 798 level

NOW what ??

Well, we have to get back above 818 to stop the bleeding
This is what I was saying when we took out the low of Dec.
in Jan. Never a good sign !!

If we fail to take out the 818 and close above it we will test the lows of last year :eek: :eek: :eek:

So be careful

JB

 

JB: Looks like the upside target has already been hit.

This thing (ES) wants to now bounce madly from 777 to 795, lol.