Turnaround Tuesday

Not sure if today’s action will see a reversal lower or not.  But it is Turnaround Tuesday, so have a great day.

Market melt up continues.  10 point range days are the theme of the market right now.  So adapt and keep in mind the bias continues to be positive.  Short, medium and long-term momentum (bias) = positive.

Keep in mind the interesting stat of the day –  Mr. Topstep guys have 1,333 on the radar as a potential high.  1,333 = 666 (2009 low) X 2

Pivots for today…

R2  1,328

R1  1,322

PP 1,314

S1  1,308

Trade ’em well and trade the extremes.

Advertisements

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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s