light board..... no news from Italy this morning...that's odd btw...pretty sure first limit down in the S&Ps is 7% for the morning session... someone know otherwise....they change those rules all the time...

The Swamp

big spoo support 3220....expect we test it this week

The Swamp

I don't have an angle on AU, but AUDNZD looks bearish now to me.... AU maybe 25-30 lower

The Swamp

Italy has doubled from this morning/last night, up to 150+ now... you just had Milan Fashion week, Venice cancelled its Carnival... this is the heart of Europe, a cross roads... It will be a miracle if this isn't a major problem in 7-10 days...

The Swamp

Italy upping the number of cases quickly, significantly over 100 I hear, last count I saw was near 80 this morning... Italian coronavirus cases surge to 132 as officials struggle to track down patient zero

The Swamp

I love this trade, look at the PA, no one is on it....traded even money to start 2019....

The Swamp

Buy CLX/Sell AAPL....

The Swamp

Italy getting hit. Parts of Northern Italy to be on lockdown, Milan not included. Possible case(s) in Rome (not confirmed yet).

The Swamp

this chart looks a little bearish to me...

The Swamp

Also, the percentages are not set in stone, I basically took Demarks 5.6% or 5.9%, and made it 0.6% to get levels for daily use. Then I added 0.3% as a midpoint, and 1.2% as extended range possibility. If you use these setting on more volatile ...

Percentage S&R

anyway just a few examples/observations.... I will say it seems better to use daily PA instead of looking at shorter term charts. Also if you have two possible levels, maybe use the furthest away of the two. Looks like in many instances at best you ...

Percentage S&R

this one had PA near two levels, first one failed, second one held...

Percentage S&R

and a few busts, I looked at the 5mins charts, and there was no reaction....I'm sure there are more failures, but sometimes you get a reaction then a failure...

Percentage S&R

a few hits from Friday, not having the weekly close at your back....

Percentage S&R

Not sure how. Just random numbers I guess, like most things out there. I got the idea for these levels from something I had read from Tom Demark some years back. He had discovered a random number that acted as S/R many times. I think it was either ...

Percentage S&R

anyway, just a few observations, maybe some more next week....have a good weekend...

Percentage S&R

$/CAD at the first level, with some PA, but below the weekly close, that would be pass...

Percentage S&R

level 2 hit, had some PA nearby, but it resided above the weekly close...

Percentage S&R

if I ever get around to getting some trades down using these levels, will report.....laters...

Percentage S&R

using them with the direction of the weekly close, where there is some previous PA to support them....maybe something I will investigate further...

Percentage S&R