S/R Emini Journal

So why the turn at 11:05 my friend?

 

My stupidity, that is why. I should have stuck with the method and done the 2 trades that did arise. I was looking at trendlines as well and it seemed like went through to the upside. That is why I entered there. Bad idea. Stick to the plan.

 

Can anyone enlighten me as to what the major resistance around 1274 was? I don't see anything on the charts. Was it a 50% fibonacci retracement from 1292 high down to yesterday's low?

Thanks!

 

Are you talking about the bounce up. Look like we are bouncing off the 60 day ma right now.

 

That is correct sir. A for the day.

 

no, the turn back down @71.50

 

If we put a needle top through the BB and this set occurrs I will go short on it. Right now he BB are getting very tight which means we are in for an explosive move. Just waiting for the market to decide which way it will be.

 

Porgie sees head and sholders and places his hand on the butt of the bear and pushes him down hill. sorry Porgie

 

And the train keeps rolling. next stop 1253 on spxx.

 

if bb used squeeze and walking the band are 2 terms and events to learn ..all about...excuse if insulting........