I'm just watching, I'm still holding my Long SSO and ES from the
opening gap down, I'm not shorting until I see something, heck who
knows maybe the market recovers lol. crazy market.
right now on the cash index the SPX has retraced a little over
50%, the 61.8% is 1101
The ES futures has already
Posted by matt on 27th of Nov 2009 at 10:52 am
The ES futures has already retraced 61.8% of the move from the highs to the lows
The cash index has retraced a little over 38%, 1097.5 and 1101 is the 50% and 61.8% fib
Nice looking flag on the
Posted by jambo1 on 27th of Nov 2009 at 10:57 am
Nice looking flag on the cash index there Matt.
So.................. shall we be prepared
Posted by cal1 on 27th of Nov 2009 at 10:56 am
So.................. shall we be prepared to add to our shorts in the very near future?
I'm just watching, I'm still
Posted by matt on 27th of Nov 2009 at 11:06 am
I'm just watching, I'm still holding my Long SSO and ES from the opening gap down, I'm not shorting until I see something, heck who knows maybe the market recovers lol. crazy market.
right now on the cash index the SPX has retraced a little over 50%, the 61.8% is 1101
Beautiful trade Matt
Posted by lpwise on 27th of Nov 2009 at 11:11 am
Matt,
I'm amazed at your ES trade.
That is just beautiful trend following man.