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

Really helpful Joe, thx.

Do you give any credence to the fact that volume has hugely surged today and volatility is starting to jump?

I'm thinking we break one way or the other. All of my trades have been short for many weeks and nearly all profitable. I entered more NQ at the recent high.

We shall see what Mr. Market will portend!

p$

 

See what I mean they where stuck short @ 72-76
they are the ones moving the market also look at the setup
cause most of the days have been late day sell off's
so they are adding to the short positions OUCH!!!!!!!!!!!

 

We came 4 points from 1257 today with volume that can be a turnaround for this market

But Lets’ not get too

We still have lots of issues out there but nothing says we can’t get a rally for a few days

If the shorts don't cover it may hurt !!! OUCH

We just look at the indicators and do what they are telling us
fun to predict but costly LOL

This movement is great for traders tho


Joe Baker

 

you were right - neutral action going into the close.

Do you close out at 4pm, 4:15pm or after when things sometimes fall back down to a norm.

But yeah may rally a few days.

 

Went long into the close with price target of 1287

 

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I will update what I am seeing during the day


Take Care,

Joe Baker

 

1289 looks to be res.

need to hold 1286 to stay in uptrend

if anyone trading globex

 

How do you interpret this:

just before 5:00am ET, 1500 on the ask side sat there and sat there, not a spoof.

finally by 5:05, PA had finally chewed through the supply.

 

Globex is influnced by the Dax you have to watch the dax if you trade globex here

Also you have to watch the Yen


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We need to stay above 1286 to avoid trouble with the market
then 1283