TakeProfitTrader

02:58

TakeProfitTrader

I think longs are wrong below 3295

02:17

TakeProfitTrader

Rally and a weak low left behind. With that strength, I would expect the market to continue higher unless we can get back below 3300.

03:23

TakeProfitTrader

Keep a close eye on 3200 today. Weak low around those prices and some pain for the buyers if we fall below.

06:00

TakeProfitTrader

Interesting day ahead, longs don't have much room below. I'm looking to be early on the longs, with a tigher stop because I"m against the trend.

05:03

TakeProfitTrader

Low risk, high reward here I believe on the short side. Wrong around 3340's, in my opinion.

02:58

TakeProfitTrader

Options expiring this morning and throughout the day, leaving us with what will likely be a volatile open. I would like to see the market stay above 25 area or I think the buyers are in trouble. I would look for the market to push back towards 3400. I WOULD NOT chase the market around this morning.

03:32

TakeProfitTrader

Selling and volatility overnight is concerning for the longs, but we are right on the edge of where I expect the buyers to come back in. Quad witching Friday is tomorrow and I would expect there to be some volatility but I would expect us to close tomorrow somewhere around the 3350-3400 area. This means I would be looking to see what happens at 3330 to try and...

05:51

TakeProfitTrader

Be careful with the short side, Powell speaking today. 65 becomes pretty big as value area high has moved up a bit and we've traded quite a bit up there. I'd want to see the market rejecting high 60's should we get there. My educated guess is that we will stay in this area until Powell pushes us out. I'd prefer the long side here as that's the way value is migrating.

04:30

TakeProfitTrader

Right at the area where I expect to see some kind of direction from the market. A move back down would be the start of acceptance since we fell out of the upper balance... A move back up would mean that the market fall was just to shake out the weak buyers. I wouldn't buy the breakout here.

02:34

TakeProfitTrader

Ill keep it brief because we are running late for class. Market gave us a nice correction yesterday but right to the bottom of a value area and a nice bounce. Would be looking for the 17 area from here. If we roll back over, I would expect us to try and attack the lows again soon

06:50

TakeProfitTrader

Took the elevator down overnight. Very good example of what happens when the move is overextended. We get a snapback to flush some of the weak hands out of the market. I will be watching this level with great interest 3080ish. If we accept prices below it, I think we will visit 3040 area soon. I would expect to see the buyers try to push it in the meantime...

TakeProfitTrader

Here is the simplified chart setup for Trade Context's IPT50.

01:58

TakeProfitTrader

Right in the middle of where we traded around the thanksgiving holidays. I expect this to be a neutral type of day while everyone is back at the desk after the holiday break. I look for 3150-3140 areas to frame the market today.

02:56

TakeProfitTrader

A nice ping pong between areas yesterday. 3111 looms large today, and it's where we are at the time of the video. I would expect to see some more fighting here from the sellers.

03:03

TakeProfitTrader

Beautiful fall into the volume below yesterday afternoon on news. Look for the market to try and make a decision here around 3110 and if its able to sustain above it, look for 3120. If not, 3090's are back in the cards.

03:34

TakeProfitTrader

A good lesson on unfinished profiles and what they mean. I would expect to see 3110 area be a big level this morning. If we are able to sustain prices above it, 3122 is back on deck. If we break below and pull back, I'd expect to see some sellers step in and try and move us down towards 3095

04:21

TakeProfitTrader

A clean look at an uptrending market.

04:09

TakeProfitTrader

Much of the same, though we are getting a pullback on what appears to be news.