3309 Drysdale Ct
Edwardsville, IL 62025
SPX opening a new gap currently at 3,958.79, yesterday's close.
Opportunity to buy off support here for a trade (which I'm doing)
to fill the gap as a first target. Another gap above as well at
3,991 from the previous day.
First gap below at 3,748. I still have some hedge on from buying
a few days back at $19.38 SPXS, trading this morning near $21 so I
sold some and kept some there.
3,958.79 easily achieved and more this morning. Nice $ buying
off support yesterday at the 9 day as I discussed.
Cool trade Congrats. I jumped in long as well
If we stay at these levels the wave 5 are probable in...
My style is to take some long near the lows premarket, nothing
scale/size wise until I see what is going on when the cash market
opens. Unless things are really extended then I will consider
otherwise. As I noted, I'm hedged as I bought inventory for that
when prices were very good on the run to 4,020s the other
Possible supports are either that 3,930s area or the 9 day. Will
see if the 8:30 numbers make any difference or not direction wise.
This market basically moves overnight now some days, imagine it
still may be tough with opex. It can get harder for indexes
during these weeks. Knowing all that, there is still price action
so I don't get too caught up with projections, though aware of
Yesterday was a good day to focus on the short trade for semis
and had a great day there. I didn't stay though as the NVDA report
was coming out and the market was still in a range for a potential
bullish continuation. I'm big on limiting my risk around events and
reports like that.
Sometimes I'll limp in just to track where things are like this
morning. Once I have the right risk/reward, I'll increase
positioning. I'd be interested to hear more on your strategy as
well. Looks like you do a lot of daytrades from the posts on
Target measured move from the h&s top....
that makes sense, thanks for sharing
Where is your support?
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