Trap Door Open
Globex range saw the short’s stops run from Friday’s high in a retest failure move. The trap door opened during RTH when the overnight low was taken out, and the market sought support.
The DT4$2 traders were advised to be conservative into the 88 target zone, and with T2 at 2485, it was suggested that the primary trade was over and better odds for the longs for a reactionary bounce.
Once again 12 + videos were captured and archived for long term study.
Some Sanitized Text follows
Slack
Zeek Snodgrass [8:14 AM] gm
Renato Santos [8:20 AM] GM
Zeek Snodgrass [8:36 AM] NQ making new globex lows. AAPL is leading market lower
[8:36] 95.75 is globex angle[8:36] 94.75 Fri rth low and 92 Fri globex low
Zeek Snodgrass [8:48 AM] 95.25 i Fri rth open
eminiwizard [8:56 AM] good morning
[8:57] range for now, thinking hit a bounce or two[9:01] lets try xxx where we left off
Zeek Snodgrass [9:01 AM] last week of the month with Friday as last trading day of the month and 3rd quarter
eminiwizard [9:01 AM] and xxx
Zeek Snodgrass [9:01 AM] xxxxx
eminiwizard [9:01 AM] and xxx
[9:02] thanks zeek[9:02] i like short side for profit taking xxxx[9:02] then maybe bounce a bit[9:02] this refers to a few day pattern
Zeek Snodgrass [9:03 AM] shorts have edge when NQ making new lows
[9:03] AAPL below 150
eminiwizard[9:03 AM] zeek is one smart dude
[9:03] thanks zeek
Zeek Snodgrass [9:04 AM] 94.5 is globex xxx
eminiwizard[9:04 AM] db test
[9:05] xxx current support in nq[9:06] eating the tail from sept 5[9:06] agreed testing that 94/92 zone[9:08] we’ll start zoom in a few mins
Zeek Snodgrass [9:11 AM] I would rather play zoom
eminiwizard [9:11 AM] https://zoom.usxxx zoom
[9:11] lol
Thank you for the commentary @eminiwizard #DT4$ showing us how to frame the boyz objectives more easily, no longer feel completely lost
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Latest Post : Last to Leave Loses ow.ly/XEQM30fo76W #ES_F #EMWS
DT4$2 playing the range on the 60 for now ow.ly/naHI30foZB6 Angel at 95.75
Advised DT4$2 traders short paid by 85.5, use 82 support for profit taking bounce
You bet Evan. 86.25 target was a retest of prior high, make sure paid idea first time back. 92/94 targets for longs 🙂 DT4$2
Thank You
@abydnave thank you
Zoom Room
note how the Boyz ran from that 88 support… in the afternoon. Hit all early longs and late shorts today
09:12:08 From Dennis Parmelee : good morning
10:00:46 From Dennis Parmelee : lol simon
10:09:05 From Zeek Snodgrass : watch for wrecking ball trade next 2 hours
10:09:19 From Dennis Parmelee : 3 box system
10:10:06 From Dennis Parmelee : gappers paid for sure
10:10:28 From Dennis Parmelee : shorts in the hole underwater
10:16:23 From Di : Dallas fed 13 mins
10:17:50 From Dennis Parmelee : time and price paid for sure
10:25:42 From Zeek Snodgrass : 99.25 new rth demon
10:31:18 From Dennis Parmelee : shorts need a smackum bar
10:31:27 From Dennis Parmelee : or else we play wac a mole
10:31:58 From Zeek Snodgrass : shorts need the Fed to panic
10:43:10 From Di : Zeek great call, what made u think that would happen??
10:48:14 From Dennis Parmelee : symmetry trade stops down at 93.5
10:50:55 From Simon : NK speaking now
10:51:40 From Dennis Parmelee : t1 90.25
10:57:15 From Dennis Parmelee : bingo t1 90.25
10:58:58 From Dennis Parmelee : 88/ 98/ 08
10:59:07 From Dennis Parmelee : may get profit taking
11:03:03 From Dennis Parmelee : retesting breakout prior high 86.25
11:06:50 From Dennis Parmelee : 82 support for profit taking
11:06:54 From Dennis Parmelee : umbrella trade
11:07:00 From Dennis Parmelee : say yeeha
11:08:42 From Renato : can we see a lil angel here?
11:09:28 From Renato : perfect! nice call, E.
11:10:07 From Renato : +8… calling it a day! 😀
11:11:02 From Renato : finally “an easy” day!
11:11:33 From Dennis Parmelee : 89 angel
11:11:49 From Dennis Parmelee : retest 92/94
11:14:16 From Simon : Yes useful, short @ 99
11:18:29 From Zeek Snodgrass : NK says Trump has declared war and tehy wi;ll shoot down US militaary planes
11:19:16 From Dennis Parmelee : ty
11:19:44 From Evan’s iPhone : ty for the commentary E. system getting more intuitive by the day
11:19:56 From Dennis Parmelee : thanks evan
11:21:45 From Zeek Snodgrass : if we don’t exceed 91.25, watch for new lows
11:22:05 From Zeek Snodgrass : in next 40 minutes
11:22:18 From Zeek Snodgrass : trapped longs still hoping
11:23:26 From Zeek Snodgrass : North Korea is about to do something imho
11:26:18 From Dennis Parmelee : pay day at 92/94
11:28:19 From Renato : 2489 is our angel
11:31:14 From Dennis Parmelee : ok will take a walk
11:31:21 From Dennis Parmelee : primary trade is done
11:32:17 From Dennis Parmelee : we may now play wac a mole
11:32:28 From Dennis Parmelee : low is in for now i think
11:36:40 From Dennis Parmelee : taking walk
12:18:25 From Dennis Parmelee : anyone short on re entry paid by 89/88
12:18:35 From Dennis Parmelee : more is good fortune
12:18:46 From Dennis Parmelee : second entry is trend trade
12:22:53 From Dennis Parmelee : perfect retest at 93
12:23:05 From Dennis Parmelee : thats why target 92/94
12:23:23 From Renato : great call.
12:23:33 From Dennis Parmelee : now we can see the umbrella trade clearly on 5 rth
12:23:47 From Dennis Parmelee : thanks Renato
12:24:01 From Dennis Parmelee : how can we program those ideas?
12:24:16 From Renato : not sure what “umbrella trade” means, E.
12:24:24 From Dennis Parmelee : be thinking about that if you want to improve your golf game too
12:24:26 From Dennis Parmelee : lol
12:32:55 From Dennis Parmelee : that umbrella pattern is on 5 rth
12:33:01 From Dennis Parmelee : not on globex 120
12:33:12 From Renato : thank you.
12:33:13 From Dennis Parmelee : so 120 globex supportive for now
12:33:21 From Dennis Parmelee : and 5 rth resistance
12:33:23 From Dennis Parmelee : u bet
12:33:51 From Dennis Parmelee : xxx supportive
12:34:28 From Renato : BTW, perfect target if you xx
12:34:42 From Renato : xxx
12:34:43 From Dennis Parmelee : yes
12:34:48 From Renato : ty!
12:34:48 From Dennis Parmelee : exactly
12:35:08 From Renato : perfect entry at 85.25 🙂
12:36:36 From Renato : we could see some profit taking there
12:40:56 From Dennis Parmelee : possible head and shoulders
12:43:50 From Zeek Snodgrass : lunch bounce has been weak
12:44:28 From Zeek Snodgrass : 86 lunch low
12:44:39 From Dennis Parmelee : bbial
12:44:44 From Zeek Snodgrass : NQ made another new low for today
12:44:47 From Dennis Parmelee : be back in a little
12:44:53 From Dennis Parmelee : thanks z
12:44:55 From Zeek Snodgrass : AMZN close to losing support
12:45:05 From Zeek Snodgrass : AAPL has sales issue that isnot going away
12:45:15 From Zeek Snodgrass : they priced themselves out of the market place
12:45:37 From Zeek Snodgrass : NK is big headache
12:45:54 From Zeek Snodgrass : I think we are at the point of military action
12:47:28 From Zeek Snodgrass : Fed speakers have no clue
12:47:46 From Zeek Snodgrass : we debt deflation and all they talk about is inflation
12:48:06 From Zeek Snodgrass : I am sure Janet is counting the days until her term expires
12:48:20 From Dennis Parmelee : gold reacting
12:48:38 From Zeek Snodgrass : that is the bots trading the news
12:48:53 From Dennis Parmelee : oil
12:48:55 From Zeek Snodgrass : I think this not a false alarm
12:49:09 From Zeek Snodgrass :xxx
12:49:16 From Zeek Snodgrass : remember xxx
12:49:44 From Zeek Snodgrass : xxx
12:50:16 From Dennis Parmelee : thanks zeek
12:50:17 From Zeek Snodgrass : 2 more monthsof hurricane season
12:50:34 From Zeek Snodgrass : It is unusually hot in the northeast
12:50:55 From Zeek Snodgrass : plus early fall if you look at the trees
12:51:05 From Zeek Snodgrass : The trees know something we don’t
13:13:38 From Dennis Parmelee : lol
13:13:43 From Dennis Parmelee : hot here
13:13:49 From Dennis Parmelee : 90 ish
13:38:32 From Dennis Parmelee : backing and filling
13:38:56 From Dennis Parmelee : still lunch
13:39:08 From Dennis Parmelee : day low may be in
13:39:24 From Dennis Parmelee : cn hit maybe one more bounce today
13:40:01 From Dennis Parmelee : classic umbrella pattern
13:40:22 From Dennis Parmelee : sharp sell, then strong reaction
13:48:13 From Dennis Parmelee : double to bounce test
14:01:33 From Dennis Parmelee : xxx
14:01:59 From Dennis Parmelee : no trade now is as good as the morning opportunities in terms of risk and reward
14:02:23 From Dennis Parmelee : teaching the concept of primary trade
14:28:15 From Zeek Snodgrass : xxx.
14:28:23 From Zeek Snodgrass : I would not want to belong overnight
14:28:48 From Zeek Snodgrass : xxx
14:29:20 From Dennis Parmelee : thanks z
14:30:20 From Zeek Snodgrass : watch NQ for clues
14:30:26 From Zeek Snodgrass : 4 pts from new low
14:30:33 From Zeek Snodgrass : Fang trade panic exit
14:34:18 From Zeek Snodgrass : xxx
14:36:35 From Dennis Parmelee : stops down at 88.25
14:39:37 From Zeek Snodgrass : NQ still making new lows
14:39:43 From Dennis Parmelee : original high 86.25 retest 1 x
14:39:49 From Zeek Snodgrass : Fang trade up, Fang trade down
14:40:09 From Zeek Snodgrass : Amzn lost trend line support for the moment
14:42:06 From Dennis Parmelee : trend down
14:42:12 From Dennis Parmelee : hit bounces
14:47:01 From Dennis Parmelee : s3 today is 85.5
14:50:07 From Dennis Parmelee : predictive chart is adjusted
14:52:25 From Zeek Snodgrass : dfd
14:52:41 From Dennis Parmelee : bye and thank u
14:54:51 From Dennis Parmelee : predictive chart
14:55:00 From Dennis Parmelee : adjusts as market moves
14:55:07 From Dennis Parmelee : dynamic pivots
14:57:18 From Dennis Parmelee : 89 angel
14:58:24 From Dennis Parmelee : new magnet 92.75
15:00:55 From Dennis Parmelee : 2485 is 78.6 extension….
15:21:25 From Dennis Parmelee : tighter range
15:21:39 From Dennis Parmelee : typical of an afternoon
15:23:28 From Dennis Parmelee : 15 minute globex
15:24:30 From Dennis Parmelee : and 30
15:24:54 From Dennis Parmelee : new low then backing and filling
15:25:25 From Dennis Parmelee : boyz trying kick save
15:25:38 From Dennis Parmelee : pfs by 93
15:25:47 From Dennis Parmelee : 94/ 93
15:35:25 From Dennis Parmelee : 456 bounce
15:35:35 From Dennis Parmelee : xxx
15:44:50 From Dennis Parmelee : 88 support is an aggressive idea
15:45:18 From Dennis Parmelee : so xxxxx
15:46:26 From Dennis Parmelee : in sequence
15:48:17 From Dennis Parmelee : xx
15:48:46 From Dennis Parmelee : if long dont get careless
15:48:55 From Dennis Parmelee : end of day
15:49:04 From Dennis Parmelee : some longs will take profits
15:51:24 From Simon : hehe, clean and quick … like taking a band aid off
15:54:34 From Dennis Parmelee : 456 done at 94.75 to 97
15:54:54 From Dennis Parmelee : no new trades
15:55:14 From Dennis Parmelee : time for a swim
15:55:20 From Simon : was a test of xxx too today
15:55:37 From Dennis Parmelee : yes
15:56:02 From Simon : what do you have as 1 hr rain line?
15:56:12 From Simon : about here 93?
15:56:31 From Renato : would your 2498 be an idea of short entry o/n?
15:56:48 From Dennis Parmelee : yes rain 60 globex
15:58:41 From Simon : yea, rth 2500 (ish) high will be important this week
15:58:43 From Dennis Parmelee : agg is 97.25 to 99.5
16:00:24 From Simon :xxx
16:05:44 From Simon : dfd (see i’m learning)
16:05:44 From Dennis Parmelee : 🙂
16:05:51 From Dennis Parmelee : thanks for your input
16:05:59 From Renato : Thank you, Dennis!
16:06:02 From Renato : GN ALL
16:06:10 From Renato : great day!
16:06:43 From Renato : Learning a lot from you, thanks!
16:07:47 From Dennis Parmelee : swim time
16:07:49 From Dennis Parmelee : gn all
