After last night sell off, I would expect some responsive buying, that needs to get over 1866, if so then up side target is 1890.
I 1866 does not find enough buyers then expect a possible sell off to the 1837 area
very simple plan for today.
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some areas of interest today (lots of them) 1880, 1884.5, 1886, 1889, 1894, 1899, 1908, 1915, 1922
i know this means little but lets put some ideas to that
1899 -98 is my over under, but need to see what happen at open due to the NFP numbers created movement.
below look at my numbers, and over we have targets. So much depends on how the market opens
We have been...
yesterday provide a major bounce off of a strong low and now has created two distributions. 1890 is today's over under line and looks like we want to find buyer and push higher back to the 1915 and even to 1931,
Failing a move that stays over 1890 then we could return right back to yesterdays low, using all the buys from yesterday to fuel the move
showing SPX chart talking ES
if we move down much then 1902, and that would be target if we stay below 1920, and back to 1940 if we can get over the 1920. a fast test to 1920 means nothing, hanging out over that level then i say 1940 again Big magnet 1915
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last trading day of the worst Jan on record for the S and P, but from a day trade point of view it was heaven.
Not much has changed this week and all numbers about the same, watch 1890-91 and if we hang out below for 30 minutes then look for 1875 as target. and buyer take hold look for the same upper of 1915
today looks choppy with a up side bias, could have a open that retraces and chops then looking for a 1915 target again.
# 1915, 1895, 1891, 1879, 1870,
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my o/u is 1890 and we are right there so open will be important info, over target # 1 is 1898 then 1901 and under targets are 1888-87 1882
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today we will test the up side move and failure to get over 1890 could have a return trip to 1852, buyers could fail at 1882 and 1890 and if they don't fail then upside 1895 and 1898.5(gap) is up side
Tuen into my private chat to get up dates during the trading day
having a platform that will not finish an update so running a bit blind,
the up move got a bit of acceptance and now we see if a further up move is in the cards looking for the open response to see if we test over night high then drop or test 1897 and then move up to 1915,
if it is a down day look for 1865 and then possible responsive buying at that level
1904 as res to next distribution
1856 to 1896 trading range if under 1904 area
Watch the open and follow rotations, if we do not hold 1872, and do not hold 1865 then yesterdays bottom area is likely. On the other hand if we hold the upper portion of the overnight range and can push over 1900 the 1915 target is my up side view.
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showing SPX500 chart today but info is ES,
today will have some interesting levels and how the market reacts will decide what way I play them, here they are
1895, 1874, 1849, 1835, 1814
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we have been in a decent sized sell off that has not found any meaningful buyers, and will not recover until we do, no matter how over sold we become. watch the open and see if we can get upward rotations if not then a down side to 1810 today is very probable, In the event buyers to make a showing today then 1856, 1870, 1876 are possible targets
Open is almost 1005 net long, so will watch open and see if we respond with selling the mid 1985 area and see if we find buyers to take us to 1914.75, if buyers fail then a move sown to 1870 area very possible.
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look to see if we break above 1900, below and find sellers then look for 1879, and if buyers take us above the 1900 buying a retest looks nice for a run at 1905 and 1920. Think I can keep it that simple.
after or just before open could adjust that info, and to be current check out www.inthefutures,com and find the free chat room
Today, is 100% net long in the overnight and would think we burn some of that off. Will look for buyers at 1935, 1924, and back to 1915. if we retrace on open will look for reaction buying and then target 1951 and 1958. Action today could look like the first two days of the week action so will be watching for same type of thing until the market changes.
Today we bounce off the challenge for the lower distribution and look like the days action could follow the prior days action, important word could.
today the area to defend for the buyers is down to 1922, if we can not find buyers in that area decent down side target is 1901. After an opening retrace that finds buyers and stays above 1922 we can be looking for...
today could bring a second choppy session but put a very low probability on a large lower move, Over under is 1913 and below target is 1911 or lower and above is to take out 1928.5 to as high as 1939. will be watching open and see what the market brings.
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