I took the discretionary swing long here at 11030 based on that 50% retrace and inverted SHS pattern intraday
Technical analysis brought to you compliments of Spike!
Well it had to catch up with me eventually; I've been working graveyard shifts on website design and optimization for some new blogs and was grabbing some zzzzs this morning when the big V long signal came in 10 minutes after the market opened and probably during REM sleep for me hehe Vector gave the one and only signal for today and "got swing long" 3rd minute from the intraday bottom at the 10980 mark, a near perfect signal suffering no worse than -5 points and being good for +100 in 2.5 hours. Good lord, with 1 contract that's $200/hr! What a fine trading system; forget technical analysis ! lol And here I am sleeping my hocks off! lol Sorry folks; what can I say?! :) (I suspect not many people are really taking this blog seriously anyway hehe). Shoo, I note that the CBOX isn't working again today. Ya get what ya pay for I guess lol But seriously, it might be time for a new chat program...
Anyway, here's the chart location of the signal. Oh, and by the way, 11030 is the 50% retrace of the Vector move. Might be worth supporting that area for a discretionary trade.
(You will recall the bullish close of Vector, which means today's correct bias was/is for swing longs, as much as that surprised me last night. But it makes good timing, since we are probably going to see the 2 impulse up.)
Note time is Central Time.