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the_sunship
Sep 15, 2022 11:24 AM

The Jobs bounce - SPX500 

E-mini S&P 500 FuturesCME

Description

I'm expecting a bounce at 8:30 am as of now. How high is hard to tell, but the obvious test would be the 18ma (middle of BB) near 4030. That's also where a cluster of daily ma's are (not shown). If they can get over the 18ma convincingly and close the day above it, the bias may flip bullish into the end of the week (yellow path). Any rejection there would be a short opportunity (red path). Hard to say what's going to happen, so I'm mostly going to watch that 4k level - if they can get to it.

Good luck!

Comment

spy structural support holding so far

Comment

IWM and DJT both outperforming today - usually a bullish sign
Comments
Faux_Pas
Hit my stops…
the_sunship
@Faux_Pas, i'm giving it room at this double bottom. Calls so beat down, I don't care if I lose them all - very small position.
Faux_Pas
I am going to buy back in with half. I am starting to feel like this wave will be more sideways chop than any pop.
the_sunship
@Faux_Pas, they nicked under the low - most stops are around there. if it's going to reverse it should start now.
Faux_Pas
Nice
kahanonz
Press back, im still waiting too
the_sunship
@kahanonz, likey a trap
kahanonz
@the_sunship, bear trap?
the_sunship
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