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I bought a decent size chunk in extended hours at 10.53. This is my first buy since the original signal on February 8th so we will see how this plays out. :)
im half in. gonna keep half dry a little longer in case we see more upside action.
They got the futs up a smidge here in AH... put on a little more ES 1575.50... will add another set on a big gap up open tomorrow -- and play the fade. Will cover any lower positions for B/E+1 when I can.... just working this short higher, and pacing my way in on this one. Hoping we get a little volatility off Obama's "love" speech he's expected to give.SPX daily chart is right at ascending TL resistance (log scale) with contact from March and Sept of 2012. Reasonable place to expect a minor retracement. And the gap from 2/7-8 is calling SPX back.
JKH, could you please tell me what ES is? I'm guessing that isn't a stock symbol, but something else. Thanks!
It's the e-mini futures contract for the S&P.
Thank you Algyros...even though I don't know exactly what that is lol. I still have a lot of learning to do. :)
This "grind higher/melt up" looks to continue!
Sadly yes... definitely has the same flavor as last year, but we are nearing all time highs...Is this another bubble?
Yes and same pattern persists, any and all weakness in morning gets bought aggressively.
Surely the market knows it's not allowed to finish down.
Here come the buyers...