This report was sent to subscribers on 8/24/10 5:40 p.m. Chicago time to be used for trading on 8/25/10. Everything is done by Howard Tyllas, no program or black box.
September S&P
September S&P 8/25/10: My resistance was 1058.25, just .50 (2 ticks) from the actual high, and my support was 1036.25, just .75 from the actual low.
Complete Results for 8/25/10 were:
Soybeans: My resistance was .03 1/4 from the actual high; my support was .06 from the actual low.
Corn: My resistance was .02 from the actual high; my support was .04 1/2 from the actual low.
Crude Oil: My resistance was .13 from the actual high; my support was .41 from the actual low.
S&P: My resistance was .50 from the actual high; my support was .75 from the actual low.
Gold: My resistance was $3.80 from the actual high; my support was $0.60 from the actual low.
Euro: My resistance was .03 from the actual high; my support was .20 from the actual low.
Bonds: My resistance was 24 from the actual high; my support was the EXACT actual low.
Nat. Gas: My resistance was .002 from the actual high; my support was .047 from the actual low.
Cattle: My resistance was .32 from the actual high; my support was .25 from the actual low.
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All charts and numbers for 8/26/10 have already been sent to subscribers at 5:50pm.
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September S&P
|
1058.25 Resistance |
----------------1047.25 Pivot |
1036.25 Support |
|
|
Trend |
5 day chart ...... Down |
Daily chart ......... Sideways |
Weekly chart ........ Sideways |
Monthly chart ...... Sideways 1108.10 is the 200 DMA |
ATR 17.30 Extremely Oversold 9% |
Bracket line and the downtrend line which acts as support is at 1030.00, bracket line at 1075 is resistance.
My daily S&P numbers on Tuesday; my pivot acted as resistance and was .50 from the actual high, my support was 6.75 from the actual low.
September S&P for 8/25/10:
S&P: Spot on resistance off .50 (2 ticks) and helpful support. Nice call looking for lower prices. Now that we are approaching the bracket line support, I am not as aggressive on the sell side.
I would continue to trade without bias using the numbers and risk 3.50 using a stop to protect.
New Subscribers: Keep in mind that these are day trading numbers. They are equally to be used for swing trading and longer term trading time frames on the day I want to enter or exit my position. The charts are to be used for overall trade location looking for areas of price discovery of support and resistance levels. When the market does go to the charts longer term support or resistance levels such as bracket lines or longer term trend lines, I use my numbers on that day to enter or exit my position. The numbers do not tell you what to do, you are in control of that, but they will give you a framework to try and buy or sell at the best price for that day. For me it gives me a strategy and the best way I have found to discover the best price for entering or exiting my trade ideas.
If I have the exact numbers for the actual high and low of the day 12 hours in advance, the question has always been, how do I trade it? That is what I best describe in my numbers explanation. Any intuitiveness or nuances I trade, I would keep a journal to see if it is worthwhile overriding my plan. I rarely go against my explanation
September S&P for 8/24/10:
S&P: Spot on numbers. I would continue to day trade without bias but I do not want to take a buy signal above the pivot, I would only try and buy the support today. Bears are in control as long as we are below the bracket line at 1075 we are headed lower. I have a bearish bias longer term, and the bulls need to close above there to regain control and turn my bias up.
September S&P for 8/23/10:
S&P: Spot on numbers off .75 on both the support and resistance! My bias is bearish as long as below the 1075 bracket line which is pivotal now, but trading the numbers without bias works for me still using a 3.50 stop on any idea to protect from further loss if the number does not hold.
Results for 8/23/10 were:
Soybeans: My resistance was .04 1/4 from the actual high; my support was .00 3/4 from the actual low.
Corn: My resistance was .01 1/4 from the actual high; my support was .00 3/4 from the actual low.
Crude Oil: My resistance was .38 from the actual high; my support was .46 from the actual low.
S&P: My resistance was 1.75 from the actual high; my support was 3.25 from the actual low.
Gold: My resistance was $4.20 from the actual high; my support was $3.90 from the actual low.
Euro: My resistance was .51 from the actual high; my support was .33 from the actual low.
Bonds: My resistance was 8 from the actual high; my support was 13 from the actual low.
Nat. Gas: My resistance was .012 from the actual high; my support was .004 from the actual low.
Cattle: My resistance was the EXACT actual high; my support was .02 from the actual low.
September S&P for 8/20/10:
S&P: Spot on numbers! Trading without bias worked well with spot on numbers. Closing below the bracket line for the first time since 7/21/10 is negative action. Another close below the line would bode well for lower prices. I am never worried about taking home a short position when possible, but always uncomfortable taking home a long position. Common sense and logic is a core principle in my approach, and think about the times this market has opened sharply higher and to what extent, compared to the many times prices were massacred and the amount they plunged. If they closed unchanged or just a little lower today I would think about going home short and risk 3.50 over the weekend. I know I can lose more than that on the open on Sunday night, so I would take home only half the amount than what I am day trading. Bears target the bracket line support at 1031. I want to continue to trade without bias and risk 3.50 on a trade idea.
September S&P for 8/19/10:
S&P: Spot on resistance and accurate support. Looked like a repeat performance of the previous day. I want to continue to trade without bias and risk 3.50 on a trade idea.
Results for 8/19/10 were:
Soybeans: My resistance was .00 1/4 from the actual high; my support was .04 1/4 from the actual low.
Corn: My resistance was .01 1/4 from the actual high; my support was .03 from the actual low.
Crude Oil: My resistance was .53 from the actual high; my support was .13 from the actual low.
S&P: My resistance was 3.00 from the actual high; my support was 2.00 from the actual low.
Gold: My resistance was $5.00 from the actual high; my support was $4.50 from the actual low.
Euro: My resistance was .44 from the actual high; my support was .38 from the actual low.
Bonds: My resistance was 5 from the actual high; my support was 6 from the actual low.
Nat. Gas: My resistance was .001 from the actual high; my support was .001 from the actual low.
Cattle: My resistance was .07 from the actual high; my support was .27 from the actual low.
September S&P for 8/18/10:
S&P: Spot on resistance and accurate support. Chart comments have been saying 1098 is resistance as well as the daily numbers bracket line support at 1075. You can see how I got those numbers by looking at the chart. Yes I drew bracket lines a long time ago, but you have been seeing how these lines do come back into play in many markets. I want to trade without bias and risk 3.50 on a trade idea.
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Howard Tyllas
Tel.1-312-573-2699, 1-312-823-9189
Disclaimer: No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.
