9:05am
"There are two gaps, the recent lows @ 6450, which can send the market down if it aligns with a 44 point spiral top, but the gap that I'm looking for is 6481-6500 (today-tomorrow)" Yesterday's Report
Tuesday I was looking for a rotation from 6417 and back into 6500. This was based on the R87 spiral point and Gap trading.
The expectation was for 2 lots traders to trade up into 6450 and exit, and the 3rd lot traders hold into a higher open today.
3rd lot traders can exit on the higher open today, or continue to hold based on today's trading.
The expectation was for 2 lots traders to trade up into 6450 and exit, and the 3rd lot traders hold into a higher open today.
3rd lot traders can exit on the higher open today, or continue to hold based on today's trading.
Risk 6485....
I have no idea how today will trade, it won't surprise me either way whether the market continues up into the next pivots @ 6542 as it rotates back towards the 3-day highs....or reverse back down on open completing an R44 low before verifying a 'bullish pattern' with buying off the R44 lows...
Expectation is a 44 point move either way...trade into the 44 point range completion and take the day off for 2-lot traders.
A weaker pattern will move down after it completes the Gap closure on the R87 from yesterday and moves back under 6485:- don't trade longs below these levels..
If the market is going to head higher then it should remain above 6485:- Don't short trade above this level today
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