I thought I might post this now before I forget....752 is looking like a spot that would be a magnet on monday....again this one might be weak but if nothing else could be used as a target.

If it gets above it and holds then we can aim for at least 760 but I can fine tune that later if we do in fact get above 752

Actually I suspect we might get more downside and visit 736( I still haven't figured out why that's in my head but it's likely a good spot)...this doesn't effect 752 in so far as having significance....

What can a futures trader do with this? (I sold all my stocks. Thanks kbit, you saved me a bundle. )

HighRise1202 

What can a futures trader do with this? (I sold all my stocks. Thanks kbit, you saved me a bundle. )

It's looking kind of ugly and starting to play out for sure....If you look back at the last few posts I've done with spots that need to get taken out in order to see some topside ....none of them are....which is a bit unusual....meaning quite bearish (it's obvious anyway I suppose)

I just wonder how things will play when Bernanke steps in again.....he's probably going to mess up that pattern....but maybe not, I don't know.

That's quite a complicated pattern and to have all those points match up as they have you would think it will fulfill itself at this point despite Bernanke....

kbit 

I thought I might post this now before I forget....752 is looking like a spot that would be a magnet on monday....again this one might be weak but if nothing else could be used as a target. If it gets above it and holds then we can aim for at least 760 but I can fine tune that later if we do in fact get above 752 Actually I suspect we might get more downside and visit 736( I still haven't figured out why that's in my head but it's likely a good spot)...this doesn't effect 752 in so far as having significance....

Now that it's over 752 I have 761 as a target but have to get past 758.6 to get there....I'm not sure how this will work....so just keep those spots in mind and see how it goes

We might have a short at 757.2....so keep an eye on that, might get messy here

Maybe I should mention that 752.2 would be a target for a short.....I just don't want to get everyone confused here....

Yuck....stuck in the middle.....be careful about shorting ( if your considering it) at 757.2....actually you should pass ( if you"re short already from the 58.6 area just keep a tight stop) probably because of the 861 thing but if it does run up to 61 it should then come back to 757.2 afterward....that's kind of how it works .

I realize without looking at my chart you might not see how things are playing out as I do but just remember the spots and make your own judgement

kbit 

Yuck....stuck in the middle.....be careful about shorting ( if your considering it) at 757.2....actually you should pass ( if you"re short already from the 58.6 area just keep a tight stop) probably because of the 861 thing but if it does run up to 61 it should then come back to 757.2 afterward....that's kind of how it works . I realize without looking at my chart you might not see how things are playing out as I do but just remember the spots and make your own judgement

There you go....hit 61 and came back to 57.2....have to wait for next setup.

Actually if 58.6 holds now the next stop should be 765.8 and then 772.7 ...just keep that in mind on the upside

I just realized that 755.5 is now a spot that needs attention at some point so I am thinking to look for a short down to that then maybe a long from there.....see how it goes

Remember to look for some kind of PA and play it safe.....

Haven't seen anything to jump on for a short that looks any good...I guess it's headed for 765.8............


Edit: By the way for you ES guys that probably translates to 1317.25...I think, though it seems as though it would go a bit higher

Just thought I would post a few spots to keep an eye on for the ES...1317.25, 1324, 1335.5 down below 1310, 1304.25, 1298.75

On the TF 765.8, and 778.9 might be the spot where this rolls over and really starts going down and gets ugly.

The 772 I mentioned previously looks like crap after I took another look so see how it goes with that one.

Below watch for 755.5 and then the 752.2

These spots should be good but something seems wierd here so as usual make sure you get PA before jumping on anything.