Hourly chart is rather self explanatory, will be watching following trendlines and fibs, key levels are highlighted:
Also note a boji daily candle ( obviously, its a term for backtest Doji :-P ) on the daily chart. Another thing worth noting is that market has worked off some oversold conditions and considering the candle formation and put/call ratio have to favor downside slightly, but as always will have to listen to market for clues.
Thats about all as far as key levels. Most of this stuff I tweeted about live on twitter, aka Backtest / fib resistance levels and some other stuff, so if you aren’t feel free to follow @esecfutures (while i might dissappear for a month or two again, at least you might be able to catch me on a lucky guess day)
Some review (in case you missed some of the tweets)
After that target was reached, target of the intraday double top and 50% retracement from the bottom of the move lined up in 1042s (see hourly chart, we are currently stuck at it overnight)
Good trading to all
Thanks to all who have emailed, commented and tweeted to me, everything is going better, hopefully I will be back full force “soon”