Fibonacci Pivot $123.68 SVE Pivot (TOS) $123.61 1HR 9eMA $123.62
Fibonacci Pivot S1 $119.40 SVE Pivot (TOS) S2 $119.33 COG Mean Retrace $119.40
Fibonacci Pivot R2 $127.96 SVE Pivot (TOS) R2 $127.91
Monthly Chart to 2009 + Fibonacci Retracement shows $115.38 critical (Monthly Chart not identified here) - China/Tariff news or activities has immediate directional impact (Scalping Opps) - 11/1/18 – Trump/China have ‘Nicely’ Tone of progress gave strength in China or Tariff impacted tickers If Apple pull back impacts DOW & additional positive sentiment not rec’d for China Talks by open...
#tekmunnee strategy for 11/2/2018 thru weekend on CAT - Note 9 eMA on 1HR at $123.62; is same range as Fib/SVE Pivot $123.68/61
- If below $123.68/61 Fib/SVE Pivot, will look for Short/Puts to test Fib Pivot S1 $119.40 & SVE Pivot S2 $119.33; COG Mean is also $119.40 (Max Pain 11/2 = $120; if relevant we may see this price level into closing)
- If above $123.61/68 Fib/SVE Pivot, potential upside to $127.91/96 Fib/SVE R2, however, strong news/catalyst, or market sentiment (China) to upside, w/ volume needed Looking to scalp/swing intraday to overnight & recycle until we have conviction/directional tone on China/Tariffs. If China/Tariff talks ease and/or stabilize, CAT becomes extremely bullish, with many others impacted by it this year, i.e. BA