The SPX almost hit that 2120 to 2130 buy zone last Friday and rallied this morning with a gap up. It's 6:54 a.m. PST M. I didn't buy Lot 1 at 2131 last Friday. I had wanted something in that 2120 to 2130 zone. I decided to just adhere to my trading rules. The SPX is at 2151. 1. 9:45 a.m. the SPX at 2143. It's in that 2130 to 2150 range 2. But from a broader perspective, buying at the 2040 level would be much more meaningful, if it were to actually plummet to that level
#ES_F $ES_F #SPY levels to watch 2151 // 2139.50 // 2128 #CL_F $CL_F #Crudeoil levels to watch 44.78 // 43.95 // 43.12
markets pulling back here ... well off the earlier morning highs ... nasdaq 100 seems to leading it ... printed new ATHs this morning now negative
Yet another impressive thread @Cy McCaffrey -- you're an animal! Well -- the RUT finally pulled back -- the 20 DMA an after thought. The 50 DMA held up nicely though -- not perfectly, but it held on tight enough. What caught my attention today was the RUT rejecting the 20 DMA. The 1240 - 1215 area has now become interesting, as it will determine if the RUT has actually petered out, or just taking a breather. In truth, the RUT could pull back all the way down into the 1180s without a change to the trend, but "beast mode RUT" would definitely be over...but since the upside wouldn't be, who'd really care? Of course, upside would require the RUT to break the 1260s, which IMHO has now become a major level of resistance given how the RUT just dumped last week off that number. If the rejection of the 20 DMA doesn't cause a dip below the 50 DMA in the near term, I suspect the RUT will grind higher & deal with the 20 DMA more successfully next time around -- but will require another touch of the support TL before breaking 1260. If today's action causes the 50 DMA to be no obstacle, then I suspect the RUT is heading to that lower support TL. We'll see...
Anyone here that trades micro-cap companies. MyDx looks like it is going to go through the roof. They are giving away their water testing analyzer for free to residents in Florida because of the waste water crisis. http://konknet.com/test-your-water-before-drinking/
