Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Targeting low 70's to put out shorts. Like the confluence of yest vah, 3 day lvn, trendline resistance, fib box & wpp.
A break above 72 would be a nearby exit. Should know pretty quick if analysis is wrong. 72 also happens to be yesterday's breakdown point. Profile needs some filling in in the area highlighted as well. makes sense. Market should be well overbought if it makes it to 70 as well.
Can you help answer these questions from other members on NexusFi?
short at 1570, filled in yesterday's profile nicely. Extreme $tick right into downtrendline resistance. Stop over 72 showing acceptance above yesterday's vah, fib box.
similar plan as yesterday. price boucing between weekly pivots convieniently situated within the fib boxes. Like the confluence there. At least till one breaks. If the 1550 breaks, will expect a fill in of the trend day down profile to 45, with 42.25 being the line in the sand.
Starting a long weekend now going camping, canoeing with my eldest son Alex, (Xela, in case one wonders where my username comes from. Ben being my youngest.) leaving a few observations here. small caps finding money here it seems by looking at some of the more interesting growth stocks. CELG, BIIB, LNKD, CREE, KORS all look buyable at support. nice divergence on the IWM 1 hr chart. 3 day profile . should be good at least back to wvwap. Hate to leave with all this volatility going on, been fun the last few days. out!
Short at 88. minor tick divergence at previous vah. more so because of the huge volume coming in as shown on the footprint. stop above yesterday's high.
notes for previous losing trade:
1) Breadth extremely positive, price above DR1, should not have faded. Should have been early alert for possible uptrend day.
2) Current swing high at 95.5 made during o/n session. Should not trust hi made in o/n session with no excess.
If SPX 90 Held Offer then 80 and 75 were logical objectives. But you shorted 90 Failed Offer after 85 Held Bid with much better than expected jobless claims and a better than expected ECB policy decision before the open. In that context SPX 90 Failed Offer inferred 95 to 00.
For tomorrow, consider SPX 95 Held Bid near the open or 90 Held Bid before 1000 CT with 1600 Objective to paint the tape into weekend. Employment numbers before the open should set early tone. JPY Held Bid at 98 would be very supportive.