Before the market opened, I dutifully entered the figures from RetracementLevels.com into ProphetCharts (via the spiffy new Retracement Levels dialog box). I was already short the ES. The jobs report came out, the ES zoomed higher, but it was a contained move. Then, blammo, the /ES plunged. Let's check it out:
So I covered the /ES at about 890 for a nice profit. Pretty sweet, eh? These levels are able to provide a marvelous combination of confidence and guidance, in my experience. Love 'em!
