11:20: Here's how this works from here.
We had a beautiful pivot trade this morning. Highly unlikely we are going to be doing any more trading today, but let's go over the numbers one more time.
Up above, we have the bull pivot coming in at 645.40. We can create a small zone of overhead resistance towards 645.40 - 646.00.
Up above, we have another zone of overhead resistance at 647.30 - 648.40, and then a big fat round number at 650.00
On the flip side, if we come back down, the first support ZONE on the board is at 642.30 - 641.60. Then another zone at 640.35 - 639.55.
Please don't do stupid stuff in the afternoon.
We'll be back, in uniform, ready to go for tomorrows session.
Have a great rest of the day folks and take care :)
See you in the video later tonight
10:20: No change. Still hanging around.
Doubt well be able to pull off another morning trade
9:54: No change. Still finding support off of the 643.50.
Next destination is towards 644.80 for some more profit taking, and then the main target towards 645.40
9:36: How you doinnnn'
she's providing a little more than a base hit now. She might have a little bit of resistance at 644.15.
Another area of profit taking comes in at 644.80, and then up towards the first area of overhead resistance at 645.40 (front-end of the ZONE)
9:32: She did provide you the bare minimum base hit. If she goes back for a retest, she'll try to spike down towards 643.25.
First ZONE of support comes in at 642.30 - 641.60
9:31: First destination on the downside for potential support is 643.50 - 643.25
9:00: What's the scoop for today?
No change from the Zero Dark Thirty Notes...
The Bear Pivot comes in at 643.50... We are extremely close to it right now, and we already came to test it in the pre-market. I do have a number at 643.25, so traders can look for a spike of the number.
Getting below the bear pivot, she's bearish and will open the door towards the first support ZONE on the board at 642.30 - 641.60.
If she continues to decline, then the next support ZONE is towards 640.35 - 639.55.
On the flip side situation...
The BULL Pivot comes in at 645.40. This is the first initial area of overhead resistance.
We can create a small zone of overhead resistance at 645.40 - 646.00.
If she gets above the most recent ATH, the next destination and overhead resistance ZONE is at 647.30 - 648.40.
EarlyThoughts (Zero Dark Thirty Stuff)
Good Morning and Happy Monday!
After that huge rally on Friday, Mrs. Market decided that she wants to gap a touch lower from Friday's close.
Let's get straight to business, starting with the morning BEAR PIVOT at 643.50.
We also have a BULL PIVOT for today at 645.40.
Let's start with the upside potential for today... If we get back towards the bull pivot (645.40), this will be an initial place of overhead resistance on the board. We can create a small zone of overhead resistance at 645.40 - 646.00. Once we start taking out the previous ATH, she'll want to make her way towards the next ZONE.
The next ZONE of overhead resistance comes in at 647.30 - 648.40. This is a place where the market shouldn't just waltz right through... If she somehow does, the next target becomes 650.00, a big fat round number.
On the flip side situation...
We are currently hanging around the bear pivot. This is the first inital place of support on the board. She did manage to hit the 643.50 in the pre-market, so this means she still can do it again... but I do have another number at 643.25, which she can possibly spike down towards. Very close to each other, but it's still a number on the board. Just wanted to tell you guys so you're not surprised if they spike the pivot by a touch.
The next numbers down, which is also the next support ZONE, comes in at 642.30 - 641.60 for a bounce place with potential. If we continue to drop 'em, the next destination becomes 640.35.
And there's your morning schematic
Be back shortly
Disclaimer (Not fine print, same as everything else):
It might be hard to believe, but it’s necessary to put certain things in writing so we’re all on the same page.
Trading comes with risk. This means any trade taken can be a losing trade – that’s the way this business works. We all need to understand and recognize this is a reality.
Any and every trade taken is your own doing, your own trade and your own responsibility.
The information taught in the LazyEminiTrader and LazyGapTrader courses are for educational purposes and designed for individual investors and traders to learn how to become self sufficient and act on their own.
Any and all information and prices found on this page are also for informational purposes. All prices found on this page are for guideline purposes only. Any support and resistance level can fail at any time, on any chart.
We always trade with stops.
If this isn’t clear, here’s an easy way to understand things – Don’t trade with money you can’t afford to lose. Don’t take a position where you can’t take your hand off the mouse because it’s too nerve racking. When you enter a trade where a stock is falling into support, you can expect to be out of the money for a while before the support takes hold – if it does. Understand the business you’re in. It’s not a casino and traders play for keeps to feed their families.
