SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Classic TA Workplace
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Shack who started this subject1/9/2003 9:18:38 AM
From: GrillSgt  Read Replies (1) of 209892
 
Today is my day 6 of the cycle and with yesterday's move down it appears the cycle has put in a high which could get tested again in the next day or 2. I suspect we bounce off the 38% retrace today and head higher.

ES 917.50 is the spot. Below here and the es churns down to 907.50 again. The bulls must hold this area to keep it out of the gutter down to 900. I think 908 area should be solid. A break of 918 up and the bulls run for 922 area. 927 would be extended target followed by 931.

NQ 1064 is the spot. Below here and the naz grinds around down to 1053 and 1042. 1042 needs to hold to give the bulls a shot at 1076. A break of 1042 and 1031 becomes the target. We could rally from there, but 1064 should then hold it back up. If 1042 holds then 1076 should be today's target. 1082-1088 would be the upper extremes.

Dow 8610 is the spot. Below here and the down grinds around down to 8565. This area needs to hold to make a run back to 8640 and 8710. A break of 8565 down and 8535 and 8500 are the areas the bulls could make a stand.Below 8500 and the rug gets pulled.

I am expecting a sideways type session with some pretty good volatility in both directions today. I will not get married to any position today.

Good luck.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News