Turkey Week

Happy to be back up and running with a new hard drive and the backup connected and burning.  Always keep your stuff backed up!

Anyway, it looks as if the market threw us a bit of a head fake after the nice close on Friday.  Gapped up last night and now we’re selling off a bit going into the US open.  The dominoes continue to wobble over in Europe, which is not good and until they stabilize, there will be no new highs.

In fact, even though last week was a good recovery week, we now have a negative weekly bias.  This week is short and will be light, however, and most trades that have to be taken will be done today or tomorrow.

Have a good week and trade the extremes!  Here’s what I am looking at today….

  • R2 – 1,207
  • R1 – 1,203
  • PP – 1,195
  • S1 – 1,190

If support doesn’t hold at 1,188, we should see 1,182 quickly.


About thefront9

Independent trader with a flexible approach to the markets. Position trading, swing trading and day trading using Futures, Equities and Options. This site is intended to help others (and myself) see what I see and to stay true to the discipline of making trades at the extremes. Contrarian and TastyTrade addict! Living in Texas with my family, helping others and maybe playing some golf from time to time makes life busy and great. Add a little music and humor and that just about sums it up. Trade the extremes and manage risk.....always!
This entry was posted in Daily Pivots. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s