Steve, you mentioned in last night's newsletter that we will be
quick to adjust if the market decides to turn. Are we there just
yet? We've lost PP, and just now losing S1 as well.
Opening 15 minute range candle broke down which favors the bears
this morning. Let's see if the market can find some footing
some support around S1 pivot (ES also). A failure opens up the door
to a deeper move down with yesterday's open gap. Trade YOUR
plan in accordance with the time frame you are
interested.
Caveat: positive divergence on latest Russell lower low on
multiple timeframes. Could just be a balancing day that chops
traders up. That is often the case on jobs numbers days (higher
volatility with not much change by the end of the day).
Market reversing?
Posted by punit167 on 9th of Jan 2015 at 10:39 am
Steve, you mentioned in last night's newsletter that we will be quick to adjust if the market decides to turn. Are we there just yet? We've lost PP, and just now losing S1 as well.
Opening 15 minute range candle
Posted by steve on 9th of Jan 2015 at 10:45 am
Opening 15 minute range candle broke down which favors the bears this morning. Let's see if the market can find some footing some support around S1 pivot (ES also). A failure opens up the door to a deeper move down with yesterday's open gap. Trade YOUR plan in accordance with the time frame you are interested.
$RUT holding S1 with a
Posted by a_l_ on 9th of Jan 2015 at 10:53 am
$RUT holding S1 with a 10m doji & TF forming an inverse H&S on 1m - TF breaking back up over 1186 raises the probability that selling is over for now.
TF went right to 1186.1
Posted by a_l_ on 9th of Jan 2015 at 11:01 am
TF went right to 1186.1 (futures primary pivot today) & was rejected. If...then shifts back to negative bias now.
Caveat: positive divergence on latest
Posted by a_l_ on 9th of Jan 2015 at 11:06 am
Caveat: positive divergence on latest Russell lower low on multiple timeframes. Could just be a balancing day that chops traders up. That is often the case on jobs numbers days (higher volatility with not much change by the end of the day).
Divergences corrected.
Posted by a_l_ on 9th of Jan 2015 at 11:13 am
Divergences corrected.