Consolidation
Yesterday’s slingshot trade succumbed to a retest of yesterday’s lows, and produced an inside day as anticipated. We felt with Rosh Hashana markets would be relatively quiet.
96.75 Target 2 was suggested as a wrap for shorts, and conservative thinking helped DT4$2 traders expect small range type trading.
2502.75 was the scene of the crime, and we used that today as an important marker.
Slack
Renato Santos [7:59 AM] GM ALL
eminiwizard[8:27 AM] hi Renato
xxx
8:28] Boyz did nice recovery
[8:28] we will go back and eat that tail within a few days i believe
[8:31] holiday may produce lighter volume
[8:31] low at 2500 is key from yesterday afternoon
[8:32] 99.5 let’s call that the squeeze pivot
[8:33] shorts need to undo it
[8:36] small range but pattern is lower low lower high so far
[8:38] close 05 zone[8:38] so early shorts are seeking support
[8:39] likely testing 2.75 soc and 2.5 angel idea
[8:39] 5.5 demon
xxx
xxx
eminiwizard [9:15 AM] https://zoom.us/j/586739267 zoom
DT4$2 suggested to shorts PFS by 96.75 magnet
DT4$ traders were advised if long 11:14 AM pfs by 2.75/3.25
Teaching some DT4$2 traders and cant do everything.
Videos
1 https://youtu.be/xxx
2 https://youtu.be/xxx
3 https://youtu.be/xxx
4 https://youtu.be/xxx
5 https://youtu.be/xxx
6 https://youtu.be/xxx
7 https://youtu.be/xxx
8 https://youtu.be/xxx
9 https://youtu.be/xxx
10 https://youtu.be/xxx
11 https://youtu.be/xxx
12 https://youtu.be/xxx
Zoom
09:16:14 From Dennis Parmelee : good morning
09:16:56 From Dennis Parmelee : i remarked yesterday they could run the pole if they wanted to and they did
09:17:25 From Dennis Parmelee : more than likely some weeklies got trapped shorting 02/04
09:17:56 From Dennis Parmelee : so we will likely need a few rotations today no matter what
09:30:32 From Dennis Parmelee : 4.5 half gap
09:30:43 From Dennis Parmelee : market seeking support
09:30:58 From Dennis Parmelee : 2.75/ 2.5
09:31:09 From Dennis Parmelee : same idea i had earlier
09:36:52 From Dennis Parmelee : angel test 2.5
09:45:31 From Dennis Parmelee : 99.25 important support at t1
09:48:06 From Dennis Parmelee : shorts trail a few mins
09:57:49 From Dennis Parmelee : 96.75 magnet achieved
09:58:37 From Dennis Parmelee : test for support
10:01:24 From Dennis Parmelee : t2 is 96.75
10:04:59 From Renato : 99.25 angel now?
10:05:08 From Dennis Parmelee : yes
10:05:14 From Dennis Parmelee : way to go Renato
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sanitized text
14:58:06 From Dennis Parmelee : orange box is right for now
15:30:30 From Dennis Parmelee : high and low are likely in for the day
15:34:16 From Dennis Parmelee : good defense
15:34:24 From Dennis Parmelee : not much offense by longs
15:40:47 From Renato : Thank you very much, E!
15:41:05 From Renato : good job on this choppy day.
15:41:29 From Renato : small little bites keeps poverty away! 😀
15:41:38 From Dennis Parmelee : lol
15:41:45 From Dennis Parmelee : thank u Renato
15:43:54 From Dennis Parmelee : pipe test
15:44:02 From Dennis Parmelee : both side intraday
15:44:18 From Dennis Parmelee : still finding resistance at soc
16:01:22 From CS : had a good day- thanks, Dennis
16:02:24 From Dennis Parmelee : u bet Carin
16:17:50 From Dennis Parmelee : 2500.75 close
