wshahan

atter the 5:30 CST low, prices traded back to yesterday's day session high and failed. I missed that trade. 1380.25 is a breakout to the downside. We may get a long opportumity off current levels (1381). Enter long at 1382, Stop 1380.50

I woke up just in time to short th low. the trade was to go long at the then low extreme. Scrubb trade at 1385.00

stop 1367.25 I am very late coming to the party, I just woke up. We have a mature balance area of 12 day's duration and a potential failed breakout to the upside. We should initially retest 1382.75 and see if that area holds. Either way, we are due for a strong move.strong move. Based on yesterday, I think the most likely ultimate direction todayis up, but we willl see what the market says.

entered short at 84.75, maybe this time

sold 1385.50, volume dry up

rise stop to 1385.25, internals not improving with prices. Breadth not near day's highs and divergences among indices. ES only one making new highs.

I entered long at 1386

prices declined to the day's high volume price of 1382.75 and since have been building volume at higher prices, so the odds are starting to favor higher the upside..

we have a balance area from 1383 to 1381 and that is the key area for larger moves to occur from. However, today anything could occur.

lower stop to 1386 so we are playing on Bernanke's money. 1380.25 breaks prices to the downside. Big whipsaw potential, would not go short here. Bernanke's remarks last til 2:15 CST. There are 4 longer term tops in the 1389 area, so going through that area would produce a strong buy signal.

we have divergences in the indices with the ES being the only one to make a new high. And breadth is no where its earlier high. and the risk reward ratio is very favorable. Very high risk as Bernanke is just staring his remarks. Stop at 1388.50

I entered short at 1386.25

unfortunately I mised getting on by 1 tick. At this point, the prudent play is to cancel the order.

makes life wrth living trade-I want to go short at 1385 or better, stop 1387. If I don't get stopped out by the Frd announcement, I will have a great reade. If I do, which is likely, I will reassess after the 1;15 announcement

there was a very bullish retest of the day's lows for the the truly adventurous, 1 tick spike low at 1380.25. The eyes of the FED are upon us.

close the short at: 1381.75, 1381.25 seems likely to hold. We are getting too close to the Fed announcement to expect much movement now.

This is a quick trade to see if the recent low can hold. 1382.75 is a high volume point and I want to see if prices can trade away from it (lower.)

We came back down to test the overnight high and morning low of roughly 1382 and prices so far have held there. I would like to see a double top structure form and have an opportunity to enter short above 1384. Be patient; we may not get a playable structure before the announcement. Breaking the morning low would also give a sell signal. Remember the FED, the trades today are liable to come after their announcement. I plan on being flat until the dust settles. I was went short at 1382.25

1363 did hold and prices fired out to the upside. However I re-entered short 1366.50. I don't see much either way, and "breadth is my frend."

enter short 1364.50 or better

I closed the short because I didn't see much downside potential and I wanted to open to for a long entry. In retrospect, this was an error, so I am looking for a graceful way to get back short. If we hold 1363, I will probably go long. Apple is self destructing, therefore the NQ is also heavily down, and the trend in breadth is negative. All say don't go long and favor shorts. In particular, be very careful fading the trend of breadth in the last hour.Apple reports its earnings after the close today.

SPOOKYWILL TO GOSU, I enjoyed the humor and I know you well enough to know that you are not mean spirited. And we have no range today which makes for narrow margins, small trades, and frequent reversals. Hard way to make a living. But it can be done without inordinate effort.

I closed my trade at 1366.75. We stalled out at where prices took off from this morning

I am going to place my stop at 1369.75 to give myself some room.

I was fading my market structure so I would be on the right side for a breakout. Effectively I am short from 1370. Target: 1361 Lower stop to 1368.50 I am now playing on the house's money and hoping initially for 1363-1361. We now have traded into the overnight structure on the 30 min bar chart. I goes from 1368 to 1363. This high volume area will take a while to trade through, if it can be taken out at all. If prices successfully penetrate this area to the downside, 1361 and 1354 become the next objectives.