Here is the ACI trade. Got long 14.05 on the confirmed A-up. Guidance came in really bad and was down close to 10%. Market weakness around 9:00 ended up killing this long. Stopped out after bad PA after ~20 minutes(13.88).
US dollar had a failed A up as did the 30 year bonds further showing that the sell off in the ES was not going to follow through.
remember we are chopping around at the low end of the daily range on es/spy; this makes all these long trades dangerous. One bad headline and we could be at 1080, the vix is over 40. The key is to keep stops tight and lose small if you are wrong.
Yea and was below the pivot and 3DPR..thought it might squeeze since its been pounded so hard. Looking at GM and some of the auto names...good sales numbers but drifting down. GM just got below 3DPR and the daily pivot range. Daily chart looks weak too.
I wouldn't be long or short. Very choppy action. Bouncing back between the top and bottom of ranges. I still like the AAPL trade though. It has the daily pivot up there at the A up level. But I still think it will touch it.
Only speaking about the intra-day levels today. DX failed at the A up. Had a few wicks above it but failed. My level is 79.77.