here's image of the TICK pivots chart - we blew through all of
them today - there's nothing now free air, until 4122, which
occurred on Dec 1st at 8:30 am
This is my take on this. We will probably take a third entry
today or on Monday. I expect some volatility next week due to
distribution of gains from smart money under the guises of Fed
speak or FOMC gyrations.
Why short? The move up is corrective in nature, so every one or
two weeks we retest either boundary of the range. That will be a
chance to close shorts.
I wish one of Matt's long systems were to have triggered so that
we could have nice official gains on the long side too. I am
running a PCS to hedge my long SPY puts as part of my hedging
strategy.
TICK pivots on ES
Posted by matt on 27th of Jan 2023 at 03:09 pm
here's image of the TICK pivots chart - we blew through all of them today - there's nothing now free air, until 4122, which occurred on Dec 1st at 8:30 am
Stairs up and elevator down
Posted by steve on 27th of Jan 2023 at 04:02 pm
Stairs up and elevator down
So why are we short
Posted by vasiboy on 27th of Jan 2023 at 03:20 pm
So why are we short DVDS?
This is my take on
Posted by junkie on 27th of Jan 2023 at 03:32 pm
This is my take on this. We will probably take a third entry today or on Monday. I expect some volatility next week due to distribution of gains from smart money under the guises of Fed speak or FOMC gyrations.
Why short? The move up is corrective in nature, so every one or two weeks we retest either boundary of the range. That will be a chance to close shorts.
I wish one of Matt's long systems were to have triggered so that we could have nice official gains on the long side too. I am running a PCS to hedge my long SPY puts as part of my hedging strategy.
There is very little volume
Posted by junkie on 27th of Jan 2023 at 03:11 pm
There is very little volume on the volume profile between 4115 and 4195 too.