Looking to sell ?


This 1047 - 1050 area..lots of volume firing off up here....good day for a gap fill...
yesterday we didn't trade back to the open....so now after we hit the plus 4 - 5.5 and we are near tghe overnight high, a failure to break though with volume will trade back to the open today
quote:
Originally posted by BruceM

this may be a duplicate post concept ...we are opening in the center of the 1099 - 1077 range...so are we too expect the market to break one of the ranges and keep moving in that direction? It doesn't seem likely....seems like a fake out/ breakout is more likely....luckily we can monitor the volume and other markets for hints



Yes, I agree.

They are setting up the high and low for the day (starting with pre open 1091.50 01:46
1080.75 06:42)
and will bounce between them initially with expanding range.

my targets:
Sell Zone 1095.75 1093.00
Sell Zone 1091.75 1093.75 =centered
Buy Zone 1083.00 1081.75
Buy Zone 1079.00 1081.00 =centered
big volume above overnight at 92.50 - 94 so they broke it out on volume...no reverse yet....no negative $ ticks today.....97 - 99 likely....
cool how they use the big volume zones as support...specifically that 94 area to go get the 97 - 99 zone
tick and volume divergence sent me short at 96.25........still need to break down that high volume magnet at 92.50 - 94 so keeping it tight up here
BRILLIANT CALL O/N THAT 97-99 ,BRUCE! I NVER THOUGHT IT WOULD GET MUCH ABOVE 96!
lol....it's just the probabilities kool.....and of course the volume...now this volume gonna stop out my runners......how is the world of blogging and life in general ? can you post or send me a link to your world......I like to follow your work....
so far a failure on the hour break out...I posted a "concept" on the new forum board and thought it was suppose to show up here.......basically said that if we travel far from the open to the 1099 breakout then there are better odds that the breakout would fail...basic logic...that damn 92.50 - 94 volume is the way of my short
CURRENTLY BACK IN THE PRIVATE ROOM HERE... ITS FREE , POP IN ANYTIME! FORCAST WAS FOR A LOW TUES FOLLOWED BY UPSIDE WED AND THURS. (SO FAR SO GOOD) . THOUGHT WE'D SEE 1078 TODAY BUT OH WELL! BASICALLY BULLISH TODAY AND TOMORROW
best fill is 92.25 with one contract left to try and target 1089
I SAID A DAY GO IF 1033 DOESNT HOLD WE'LL LIKELY GET A TEST OF 1018-19.50.. STILL FEEL THAT WAY