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All yellow marks occur when price is above the resistance/support line of around the 1040 level. If 1040 breaks, I have to look at where the next yellow marks are. The next two that show up looking backwards are two at the 982-979 area. The yellow marks represent price congestion/inflection points. If the market breaks …

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I see the futures fairies have struck in the aftermarket. Sprinkling fairy dust all over futures traders keyboards. Despite this move of happiness, my levels are still holding. I expected a slight up move tomorrow to test into the wick formed today on the SP. However, I don’t anticipate a break of the 910-911 region, …

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I was position and ready for this market to test the downside target, but right out of the gate the materials, dry bulk stocks, and other sectors were strong. I made several trades today again and came out on top in my trading account. In my index account I got hit with the NDX for …

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From the charts in the thread posted over the weekend, the market did exactly what I was hoping for. We had a 10+ pt drop in the SPX, we had a deep drop that managed to bounce hard off the bottom. Unfortunately it didn’t go positive so things are still in flux and we didn’t …

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I’ve only been short for 3 days and those were a good 3 days to be short. Took my 13.4% in the SPX today. Unfortunately I got fooled out of my SDS and TZA buys this morning like a piker. It unfortunate because it would have been a huge day for those trades. Luckily I …

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