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..and up it went.just backtested the daily rising channel that contained this move up since the feb lows.so far has reacted off it.yellen and her cronies planning another forced rally all going to plan no doubt.top of channel resistance is around 2100 big roundie if it wants yet another blow off top.more realistic we move lower into tomorrow.2028 looks a good guess if so
got my 3 points back on the bounce from the falling wedge low.broke out up now and looks like it wants a higher high 2057+ spx.fomc minutes at 7 our time,so probably gonna remain flat until after apart from the one swing short still in play.
speculative long 2049spx daily contract with 3 handle stop. basis globex double bottom and looks like the overall wave pattern wants a leg higher..but have tomorrow as a cit,and probably a low, so wanna be nimble.
Good morning all.gekko,I pay into a private pension and if mr market is kind enough to me I top up now and again with profits.i only spread bet on Es or the rolling daily contract..Zarif..welcome back,I was just enquiringly after you a week or two ago.hope all is well.
closed my add on short for 17pts earlier.have a look see how much higher this bounce gets for another opportunity
ive added short at 2073 spx.would of prefered that touch of 2080 in real hours but see how it gets on
futures tagged that big resistance spx 2080 equivalent,was hoping to short that level in rth but its there already,lets see how it reacts from here,if it gaps over it,next stop is gut churningly up at 2094ish lol.just spitting distance from the new year high now.
not to mention oil cim.been following it nearly step for step for ages and now it could care less what its doing..lol any excuse.have a good weekend,im outta here.dont need to see another 2 + hours of this skullduggery.back monday to muster the defences!
whats next on the crooks agenda then? we.re only 6 handles away from yet another new high,ram it up into the heavy resistance at 2080 and gap over monday? lol. 2100 by monday night? strange times.shame i didnt cut my short this morning…grrrr!
asia and europe looked terrible.its all designed to make position traders panic and close out early when the real move lower begins.whether this is still a bull market or as we suspect a bear has begun,this damn thing needs a minimum 70 handle pullback to reset at the very least.
what a frustrating market,already bounced 12 handles since the open.are they really gonna close this green again!!!!
just looking at the 5 min chart from yesterdays low,it looks awfully like a completed 5 wave move finishing in an ending diagonal at around 2060 es…nothing at all to pin the house on though.im still short myself,but there will come a time soon when the bear scenario will have to be torn up if this doesnt stop rising on yellen flannel and hot air..cit day again today and s1 day too.hopefully s1L please.
