I recommended long positions on the December Emini SP. Also long gold, and Jan. Heating Oil.
The Emini is still bouncing inside the Zone-Trader Quarterly Profile Persistence Zone.
In past post we discussed the Persistence Zone and the fact that the Emini had opened inside it on the Quarterly Profile. It will continue to bounce off the top and bottom of the PZ until it can breakout and hold the time filter signaling to us traders who now has control of that market on the Quarter. We started looking for the buy position around the bottom of the pz on the Quarterly. ESZ12 has now bounced off it and is trading higher possible developing into a failed bearish breakout on the Quarter, which would send prices to 1441.25 as it reverts to the Zone-Trader Pivot, and possibly higher.
Again the Yearly Profile made a bullish breakout and is suggesting a move to 1500 area. Hold long positions, and don't pay any attention to the news listen to the zone-trader and the model will guide the way.
The Emini is still bouncing inside the Zone-Trader Quarterly Profile Persistence Zone.
In past post we discussed the Persistence Zone and the fact that the Emini had opened inside it on the Quarterly Profile. It will continue to bounce off the top and bottom of the PZ until it can breakout and hold the time filter signaling to us traders who now has control of that market on the Quarter. We started looking for the buy position around the bottom of the pz on the Quarterly. ESZ12 has now bounced off it and is trading higher possible developing into a failed bearish breakout on the Quarter, which would send prices to 1441.25 as it reverts to the Zone-Trader Pivot, and possibly higher.
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