Price below 2714...the bounce is in trouble...so IF you don't cover you long position you'll get what you deserve...maybe get your ass handed to you at 2690...
From post I'm replying to...daily chart Bull above 2721...Bear below 2714 So now you know where you're at on the daily chart...and you can play these numbers on the intraday chart...trade against the daily down bias...below 2714 a long position is in trouble...
I am willing to risk 5/6 S&P points=2709/2710...see what happens.
15minute SPX...price is taking allll day but price made it to centerline... The stochastics was hinting some weakness...but is staying above its centerline... 15minute Step over to the 30 minute chart...I was thinking about closing the 2715 long and give 2711 the focus... 30minute
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