The February 18 intraday top was 1344.07. The February 24 intraday low was 1294.26. The 61.8% retracement is 1325.04.
This morning, we are trading the in mid-1327s. Having broken the 61.8% level, I take this to mean we will retest and perhaps exceed 1344 this week. But we should not exceed 1364.
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ES H1
ReplyDeleteResistance is 1333..........shorting aginst it! Good trading..........have 3/1 as time windoe!
window
ReplyDeleteParker, so glad to see you post, Please post a bit more. We enjoy your insight. Know you are doing some extra work.....nick
ReplyDeleteMETALS ...........
ReplyDeleteI talked of these markets in prior posts......might want to pay attention to this topping area and as I mentioned ZSL coming out of the hole! Good trading!
I get 1374.85:
ReplyDeletea=1344.07
b=1294.26
phi*(a-b)+b == 1374.85
Hi Bob
ReplyDelete1325 was a retracement number. 1294 + A + B = 1344 where A = 61.8% of 50 and B = 38.2% of 50.
1294 and 1344 have nothing to do with the 1364 projected ceiling. 1364 is a Gann ceiling.
Parker,
ReplyDeleteAny thoughts on gold? New high today but do you foresee a peak?
Thanks.
ES H1
ReplyDeletePrice tested the above price of 1333 and reversed along with the cycle time date of 3/1..........looking continuation! Good trading!
Hi Tim
ReplyDeleteInterim top for gold March 14.
SILVER / GOLD
ReplyDeleteHave 3/6 as turn date......bulding short swing position in Sliver and Gold......sold the close of 3/1............price in target area.......bought JSL for ETF! Good hunting!
CORRECTION..........
ReplyDeleteShould read above....buying ZSL not JSL....Good trading!
METALS.........
ReplyDeleteMoving into short swing position in %30 increments......going to %100 position! Good trading!
MAY SILVER/APRIL GOLD
ReplyDeleteSilver resistance 35.20 and above at 36.10……..watch the 35.20 area! Gold resistance 1445 and 1452……….Good trading!
MAY SILVER HIGH........
ReplyDeleteI talked above of the 35.20 resistance .........HIGH to day is 34.98, shorted additional %30! Good trading!
EURO / FXE
ReplyDeletePRICE HIT MAJOR RESISTANCE TODAY on the high! BEWARE..............Going short the open! Good Trading! joed
METALS.........
ReplyDeleteMoving now to break even stop.........
EUR JUNE.........
MAJOR RESISTANCE .........1398 and 1403
Good Trading!