iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,789 Blog Posts

Navigating The Swing Low

Well, it’s really more of a chop low, set last week and rejected over the weekend only to find us properly testing it this morning. How the market navigates this big, balanced distribution will be very important.

Overnight the S&P made its way lower without much resistance from the buyers.  We’re currently 15 handles off the high and seeing some very weak conditions.  The action has taken us back down to our Wednesday/Thursday distribution and rotated most of the way through it.

Whether the market can pause in the range I’m about to highlight or price cuts right through will be my cue in positioning.

 

ES_MarketProfile_05292013

If you enjoy the content at iBankCoin, please follow us on Twitter

2 comments

  1. bobbin4apples

    nice morning thoughts

    • 0
    • 0
    • 0 Deem this to be "Fake News"