Price Projection Numbers 111 24 110 12 109 01 Spike Numbers 111 26 109 24 Important numbers from the last couple of weeks 111 08 111 04 110 28 110 21 110 08 110 01 109 29 Price Projection Numbers are based on my own algorithm. Think of them as support and resistance. Spike Numbers are a variation of the above based on solely where a single spike up or down might stop momentarily. Price will usually reverse from a spike number because the rush to the spike was so great. Even though price may reverse from a spike number, it doesn't necessarily mean that price will now go in the other direction. It may be a pullback and time to buy or sell depending on if it was a spike up or a spike down. Please note that I believe if we break 109 29 that we will move down even more from there. The move down to 109 29 will be dependent on what happens at 110 01. We haven't had a 2 point move day in the ZB's in a long time have we? That will probably have to wait until next week's FOMC meeting. I'm biased to the short side and I will be looking to short at pullbacks from a spike down. So far world financial news looks bearish for the open. Finally, remember, this is day trading. Don't be married to your bias. FWIW, I had a rather significant day last week Friday. God willing, I will repeat that success today. Lance, Surdo, and BlueHorseshoe nailed yesterday. Let's see if we can get a brief pre-market game plan from each of them.
I am also a better seller, offering 111. Maybe offer lower??? Busy printing money in Euro Fx! Good trading.
0759 CST Bought 2 ZB's 110 26. Tight stop. This is a probe. Trade was anywhere between 110 20 and 110 25. We never got to 110 20 on the pullback. My prints show 110 23 as a low. We had 3 5 minute bars to enter the trade.
If we break 110 29-30, we're in great shape for the day. There's quite a bit of headroom above that without the yield getting too off base.
0801 CST Bought 2 more ZB's 110 27. This is it. Make or break run for the highs. No break through the highs and I'm out.