Red Light
Pay attention to Green Lights in UptrendsDeja Vu
Suppose you were an idiot, and suppose you were a member of Congress;
but I repeat myself.
Mark Twain
Proprietary Day Trading System & Strategies for Serious Traders
Watch for news about E’s Next Live Trading Room Opportunities beginning in the New Year
The focus is on finding low-risk, high odds trade ideas
for the E-mini S and P.
Lost and Found
” If you don’t know where you are going,
you might wind up someplace else.
-Yogi Berra
No Excuses
“When I was younger, I was always taught not to make excuses.”
– Derek Jeter
Today’s Original Premise
We liked short side, testing for support, with 56.25 as resistance. I didn’t think we were quite ready for a big plunge; I thought it may come overnight into tomorrow.
By noon as the rotations kept making lower lows and lower highs, the 5 RTH chart convinced me we were morphing into a Rabid Dog Day. Target 2632 became available for gap close/ test of Friday’s lows. The next key support test became the China News moonshot low anchor from 2621
I noted the support at 2617 early in the day, but never expected that test today. We were prepared for it however, as discussed in our pre market review.
With an Hour to go, we noted four little indians and said time to close out shorts time and price.
“You don’t have to go home,
but you can’t stay here”
Posts
From Friday
Gotta love the sound of the cheerleaders long now who were calling for the plunge yesterday morning. Fun Game: find your favorite Charlie and fade them. Just don’t tell them, it will hurt their feelings and we lose an edge.
Our OTF Model has hit it’s extreme level in the melt up. We were looking for the test of LYO 2675.25 ow.ly/DSzC30nmPrT
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7:21 AM E 2617 big support
Chuck was great too, and I acknowledge those players even though I am a BoSox fan. Jeter was an inspiration leader as well though, and he personifies his era as did Mantle , Maris, and Berra
“When I was younger, I was always taught not to make excuses.” – Derek Jeter
2:00 E jan 17 the crazy burst long +20 then rotate back and then gallop higher. the low of that Chinese News driver bar is 2621 #EMWS retesting that low ow.ly/EHOG30npx5B PFS by 2617 if short, trailers below 21
7:21 AM E 2617 big support #EMWS 1:15 E Paid for sure by 22.5
Latest Post : Saints and Sinners ow.ly/3joe30noCdO Markets pay respect to MLK, a man of character
A friend sent this to me and I thought I would pass it on. No country for old men and soon to be no old men for our country #peace dvidshub.net/video/395572/j…
Latest Post: Smooth Sailing ow.ly/yIpT30nn4Ji #EMWS