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nice cim,was just waiting for a 10 min pop on the open that never came..argh! the pain lol.cit again for tomorrow..up into monday i should think,barring an outright crash
Think Monday will see the high imo,1945 spx for a start,then should price confirm its finding out if this is a “b” retrace or we going for the throat
just been scalping the upwards bias since yesterday,in and out.negative interest rates? wonder if thats gonna catch on? what a gamble.
think you’re right dan,everything im looking at says we need a rally first though then resume the downtrend in february.im long for the day anyway,stops in.hopefully all going to plan,take another look then monday for a swing up into next weekend.good luck.
im thinking now,perhaps today could be a high,then down into monday followed by “turnaround” tuesday up into the 5th.would make more sense to me.have to believe 1811 was an intermediate bottom in spx.volatile globex already eh?
its gone a bit dippier than i wanted lol.got a cit tomorrow which looks like it should be a low now,hopefully a bounce then into the 5th of feb.just sitting on my hands now till the blood stops flowing..prevent longing.
very clear little descending wdge on the 5 min spoos chart,looks ready for a pop right now,currently 1907spx.not touching it though lol.
well had to take a 4 point bath on my es short cim,the fact we,ve taken out fridays high is very bullish.looking to buy a fed dip now.hopefully dip back to 1900 cash ideally.
seems with oil pressure and falling markets,the expectation is good news from the fed tonight,my gut feeling is we go higher, but im thinking another sell off after the fomc minutes first to clear out the trend stops.im probably gonna take a short if we get a pop to gapfill first thing and see how it gets on.
spoos continuing on up,been a great bias to have since wednesday but probably gonna come to an end late today/monday.for today id like to see a pullback to 1885spx ish to get long again basis 2hr sloping support.
lol..not me personally! i mean from last nights close. id be curled up on the bathroom floor now if id just dropped 65 handles! lost 7pts,but back in and took 10 on this rip.wanted to hold but markets got me spooked today.ha ha.got today and then fri as cit’s so looking for a bounce into there.
yup,had to scratch that one for a loss.-65 handles and dropping.still think today sees a low,so on the look out again for a decent opportunity.damn massive overnight moves make it extremely hard.
trying a long here at 1830..see how it reacts over the next few bars,certainly looks very grim at the moment.hope everyone on the pad is safe lol
spoos mooching around big daily support here,around 1841ish spx.reckon a tradeable bounce is very near.think maybe another 10-20 point drop to really stoke the fear up and a reversal to close over support level eod.
