Possible Scenario: Resistance @ ~ 1071 if it breaks down I would expect lower channel to get hit. But if this is forming the top of the R Shoulder I would expect indecision much like the L Shoulder.
Missed the correct prediction as the day did go to 1071 as the high but not on a gap up rather on a gap down... So we'll call it partly right with 4.25 out of 5. I figure good prediction is ~ 70%, any better is curve fitting and not a prediction from my system trading.
My expectations for the SP-500 are based upon the current rebound in the channel.
Breakouts: $GGR, $AHT, $ADPT, $MOT (Set Order just above High resistance)
Previous Potential Breakouts (Looking back 5 days): $SVM (Waiting), $EXK (Waiting) , $HYC (Abandoned), $CLZR (Look to exit breakeven), $ERES (Breakdown), $TSYS (Waiting), $GSS (Look to exit even), $CTDC (Still Imminent)
Breakdowns: $LEAP, $MENT, $MFC, $TRMK. (Set Order just below Low resistance)
Dip Picks: N/A
Previous Potential Dips (Looking back 5 days): Broke Even with all Plays
Rip Picks: $TUES,
Previous Potential Dips (Looking back 5 days): N/A
Top Pick: Hedge although my top pick has been wrong a bunch lately. (Look for gap downs or gap ups beyond resistance)
Top Missing Piece: R Shoulder Coming???
Good Luck,
Tyler
No comments:
Post a Comment