SPX updated Fri chart
Updated
Fibs are on the chart, so far stopped at 50% retracement, I would expect 61.8 to get hit today, right into the resistance trendline (black line)
Yesterday's box was resistance, now its a support, use that if you want to go long (if we get a pullback today)
I was expecting this rally, but missed am entry, had one NQ running on the long side from yesterday and that was closed at the open spike.
I have also added back to my swing short MNQ (was closed those at 645 and 685 mentioned pre-market on that spike down), not doing anything else, as this can stretch up into the 7th and I dont want to increase my short position here.
You saw how they can do destroy both sides with am fckery, so have stops if you are in green, do not let your trade turn against you!
Again its Friday, DO NOT OVER TRADE! Dont give them back your weekly gains!
Yesterday's box was resistance, now its a support, use that if you want to go long (if we get a pullback today)
I was expecting this rally, but missed am entry, had one NQ running on the long side from yesterday and that was closed at the open spike.
I have also added back to my swing short MNQ (was closed those at 645 and 685 mentioned pre-market on that spike down), not doing anything else, as this can stretch up into the 7th and I dont want to increase my short position here.
You saw how they can do destroy both sides with am fckery, so have stops if you are in green, do not let your trade turn against you!
Again its Friday, DO NOT OVER TRADE! Dont give them back your weekly gains!
Note
My personal thinking here is that they will run this as a big triangle going into the elections, should last into the 7th imoSo a range trade will be narrowing, will update a chart if I see its playing out
Note
Exited scalp short here, longNote
This is ES chart, watch if this plays outNote
CRAZY stuff, about to erase the whole move from am pre-market lowsNote
Double bottom on the ES and SPX, NQ new lowsNote
SPY 3700 will hold today, EOD rally will be niceIm pretty much done for today
Note
All eyes on 3741.50SPX again!RESISTANCE IS DOWN TO 3772 NOW
We hit my min target I mentioned yesterday at 3796 to the penny, would be awesome to see 3818SPX, but might be too much to ask at this point
Note
There is no real support till 3610SPX! Some support at 3645-56 and 3623-38 and those numbers are daily supports!
Weekly support is not even there till 3543-53SPX!
Monthly is at 3209SPX!
My all year ideal target for this year low is at 3212SPX
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