TIME | ALERTS | |
16:01 | Trades Today: +2 +2 +0 +1.5 +2 = +7.5
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14:07 | Trade #5 -- Out 1689.5 [+2]
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13:59 | Trade #5 -- Stop 1692.5
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13:55 | Trade #5 -- In at 1691.5
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13:54 | Trade #5 -- Sell 1691
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13:34 | Resistance was weaker than support, and the market went through it.
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13:16 | No wave 5. Turned into a 1-2-3 pattern. Lots of support at 1689 and resistance at 1691. In this case, support is stronger than resistance.
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12:16 | Start of wave 5 down? I think so. Watch for 3-inside bearish candle formation on the 15-minute chart.
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12:07 | Start of wave 5 down?
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12:06 | Trade #4 -- Stopped out 1685.75 [+1.5]
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12:04 | Trade #4 -- Stop 1685.75 (+1.5)
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12:02 | Trade #4 -- Target 1687.25 (+3)
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12:01 | Trade #4 -- Stop 1685.25 (+1)
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11:58 | This looks like a wave 4 move. It would be complete around 1688.
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11:53 | Trade #4 -- Target 1688
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11:50 | Trade #4 -- Raise stop to 1685 (+1)
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11:48 | Trade #4 -- Raise stop to 1684
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11:37 | Trade #4 -- Raise stop to 1683
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11:36 | Trade #4 -- In at 1684.25
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11:35 | Trade #4 -- Buy 1684 -- Stop 1682 -- Target 1689
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11:30 | Watching for confirmation of a reversal.
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11:21 | Looking for support at 1683
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10:59 | OSS REVERSAL -- 11:30
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10:52 | Trade #3 -- Stopped out 1691 [+0]
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10:48 | Trade #3 -- Target to 1693 (things are slowing down)
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10:46 | Trade #3 -- Raise Target to 1693.5
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10:45 | Trade #3 -- Raise Stop to 1691
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10:43 | Standard target is 1693 (2-points), but watch for a rapid rise. If that happens, try to ride it out.
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10:40 | Trade #3 -- Buy 1691
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10:39 | Overall it is looking like the market should finish up today. The chance for a 3-digit move in DJI is very high.
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10:31 | Signs it may go higher.
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10:22 | Support at 1689
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10:07 | Trade #2 -- Out 1692.5 [+2]
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10:02 | Trade #2 -- Sell 1694.5 -- Stop 1696
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09:46 | Trade #1 -- Out 1695.5 [+2]
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09:38 | Trade #1 -- buy 1693.5
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