Wednesday thoughts May 18

404
still looks like institutions distrib tho (bearish for mid term, weeks), if no new high on spx over 1370

403
right now its holding resist but it closed pushing against it

356
1523 lim sell F

331
"if" qqq can CLOSE over 5850,,i think it would be v bullish

328
as expected at 221,,,ES spx have moved back near their high of day

300
es 15min declining intraday but on declining vol, may be intraday bull flag for move back to high of day or higher, IF/after the 3min DTL breaks higher

221
poss gap higher on SLV tomorrow, depending on how it closes today,,,, SLV is a very gappy etf due to silver futures

212
107.97 lim sell CAT if filled, then will consider re-entry

159
tho 1343ish should stall, spx,,,it is (1) horiz resist and (2) also downtrendline resist, 60min

158
spx now just 2.5 points from 1343 trgt mentinoed 930am-ish,, and if htat breaks then 1349

155
KO daily, possibly breaking the daily bull flag,,if this 60min break higher holds here

147
there it is,,, FFIV just hit the 109 trgt,,,
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,exited too early grr :@

141
but a lot of "ifs" in between there,,,targets only

141
if the /CT breakjout of rect on daily today holds, 184 trgt, then 215, and then 295 targets on cotton, last 160.55

137
would need over 8960,,, to 8960 could just be a headfake spike

135
BAL now at 89 trgt (8896 close enough),, wtaching to see if this can break higher,,,if so then 91.40 trgt daily

130
ford F stop 1497, sell lim 1528

112
took half of CORN off for 5% profit, holding other half

109
taking off all except 25% of BAL here ,,,stalling at 8.5% roi,,,will hold final 25% of shares for higher

1255
a move to spx 1330 lower, could set up short scalp on the bounce of that,maybe

1253
15min SPX is forming a bear rising wedge, but that thing can drift higher all day b4 any pb

1251
 cotton is at target here now at 8.5% roi,,,,taking some profit here or holding for poss 91.40 instead are both options,,i'll hold longer since i already took some profits (lower)

1210
imo intraday no mans land here, or aggress short scalp only,,,and buy the dip intraday,,,60min suggests the resist line break higher in coming hours, atm,,,,, i'll just stay on sidelines for spx for now

1208
depending on how u draw the trendline, spx is now rite at 1333.75 resist on line 1,,,with line 2 resis higher up,, reaction here is impt as a break higher could give 1342 today,,,but resist remains resist until broken,,,,on daily / 60m charts

1133
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
CAT still sickly atm, red 3%, holding for now for expected drift higher

1132
still see FFIV to 109 and 117 trgts but will look to reenter later,,,,,just hit the 107.75 trgt tho exited early

1123
 4%/7% approx roi ffiv

1122
FFIV 107.44 from 103.17 and 100 cost,, close enought to the .77 trgt,, still see higher but took profits and will re-eval reentry later

1121
EXITED the ffiv early here .44,,

1114
"IF IF" it can break the 8900 then a pop to 9140 is reasonable on a short covering

1113
BAL cotton should pause 88-8900 area here, sa 8900 a prior daily high,,,trying to hold for a break over the 8900 today if poss to 9140 daily trgt, may need to sell lower

1104
BAL curr at 8% roi,,,trgt today would give 12%ish

1101
huge green bars on /CT cotton 156.50--158.85 on high vol,,,should propel BAL to its higher targets, should be able to take some off near 130--200pm today

959
sell BAL lim 9140 trgt if able

956
lim sell CORN 4644 trgt if able

942
lim sell ffiv 107.70 if able to  take profits

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