S&P sold off from Europe from our Major 50% sell line, only to travel back up again long 50% HWB. Wall St. wanted their fill. Euro Traders will cover & cause gap up Sunday. Sell near 61.8% next week.

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Additional Posts in Daytrading Emini Futures

I am short ES as of this evening. We are right up against a daily short level and I am using this 15 minute entry in the afterhours.

YM Update: The 8 AM selloff was impressive. It went right to the 61.8% line . . . admittedly my last add after taking two other shots in between the 50-61.8% line. Weakness into close, see rebounds.

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Market needed to rally today so that we can get short setups. We have two halfway back short setups here. Selling off from the Weekly. But, Trend changes require this usually require the larger HWB.

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Beautiful Sell of YM (Dow Jones Index) futures at the 50-61.8 Fibonacci Zones during the last few days. Now, a retracement is needed to the new sell zone. So, expect bullish action back up to new 50%.

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What's up everyone?

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It was never my thinking that made me money in the market. It was always my sitting. -- Jesse Livermore

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Updated: Europe and Wall Street Wants Their Fill . . . Reload the Short and Sell the original Half-Way Back Short . . . Lows made in Asia don't Count. :) Sold 24250

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ES reaches it's 2888.75 objective from the 2812 long on Friday morning. Usually, this is where it would turn, however, Wall Street needs it's fill up here too. And, the end of the channel is in sight.

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