XJO 0.47% 8,252.8 s&p/asx 200

Pisces, Sounds like you've got it all under control then, good...

  1. 4,155 Posts.
    Pisces,

    Sounds like you've got it all under control then, good to hear. If you've got stops set then there is absolutely nothing for you to do other than wait to see if they get hit. If they do, you win. If they don't you win.

    Here is the s&p futures 2hr with the entire October move up and the second chart is a close up of the 27/10 top and what has happened since. All that Novemebr work close to gone. I'm tilting towards a consolidation of the large move down tonight before a move off in either direction. Clear to me that any attempt to rally is likely to get sold hard as has just happened when the 50 SMA on the 15 min was hit. It has since dropped 7 points. Last night never even got to 38.2% retracement at any time which suggests this is a stong move down happening. A rally attempt may come after Euro open. Let's see.

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