this looks like a Wave IV pattern and need another new high.
though i continue to have a very small short, i suspect the S&P will go below today's intraday low, but not Friday's intraday low before making it's final climb into the 1115 range(there is an unfilled gap around 1116).
any break above 1120 and will need to reconsider my 'short' outlook.
i still think we've peaked and it's only a matter of time before 1000 will be here. For now, I'll take a break below 1080 (and maybe Carl's 1093) to serve as confirmation that the 'dark side' is upon us.
for inquiring minds, today's volume will prove the lowest of the year.
Carl, I just made a very small donation to the blog. I hope to do this more frequently and with bigger amounts moving forward -- given how much this blog has helped me manage my small portfolio and make money off your /ES trades. More important than that short-term benefit is how incredibly valuable all your insights are gonna be as this mid-20s professional engineer sets his sight on being a more serious investor sometime in the future.
3 comments:
Nice trade for this snoozy market. Wake me up when something happens...
agreed.
this looks like a Wave IV pattern and need another new high.
though i continue to have a very small short, i suspect the S&P will go below today's intraday low, but not Friday's intraday low before making it's final climb into the 1115 range(there is an unfilled gap around 1116).
any break above 1120 and will need to reconsider my 'short' outlook.
i still think we've peaked and it's only a matter of time before 1000 will be here. For now, I'll take a break below 1080 (and maybe Carl's 1093) to serve as confirmation that the 'dark side' is upon us.
for inquiring minds, today's volume will prove the lowest of the year.
Carl,
I just made a very small donation to the blog. I hope to do this more frequently and with bigger amounts moving forward -- given how much this blog has helped me manage my small portfolio and make money off your /ES trades. More important than that short-term benefit is how incredibly valuable all your insights are gonna be as this mid-20s professional engineer sets his sight on being a more serious investor sometime in the future.
Thank you.
-PA
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