In addition to the REDLINE at 1405.50 holding the ON session high, the Prediction Point at 1401.25 held all day during the RTH. Two major dips off this line worked for 7 points on the first run and 5.25 points on the second. Visit the Uses page to see how the rest of the Prediction Points played out.
It would be natural for me to select the Prediction Point at 1404.25 (3 tics off the high of the day from the ON session) but I personally liked the Prediction Points at 1400.75 and 1398.50 that held the tight range bouncing back and forth the last 3 hours of the RTH.
HOD 1408.00, REDLINE at 1307.75... LOD RTH 1397.25, Prediction Point at 1397.25. Every major bounce or consolidation zone that occurred today was picked up by a Prediction Point. Try to quantify it. Visit the Uses page to check the numbers yourself... Unbelievable!
The 1400.00 and 1395.75 Prediction Points held the range of the RTH all day. Easy double digits today. You couldn't ask for better prices. This phenomenon is explained in great detail in my upcoming book (release date to be determined). If you trade the S&P minis and are not using Prediction Points, you're not just missing out on opportunity but simply losing money.
Pick one... Long in the ON session at 1385.50 Prediction Point that rallied 12 points to the RTH high reaching 2 tics shy of the REDLINE at 1398.00. Or how about the long 8 minutes after open at the 1388.75 Prediction Point that held the low of the RTH less a few tic breach for 8.75 points to the high of the RTH. Or how about the REDLINE at 1392.25 that held for two nice dips for a total of 4.75 p...
9 minutes after open, long at the REDLINE price of 1389.50 landed TTT (To The Tic) for a total of 4.75 points. That push up missed the next REDLINE at 1394.75 by a measly 2 tics being the HOD. It is worth mentioning the 1385.75 ORANGELINE held it's ground for a 2.25 point and 3.5 point bounce.
In addition to predicting the high tic of the day at 1391.25, which happened to be a REDLINE; the congestion zone at 1370.75 held it's ground for a total of 20.5 points after the RTH open. To learn more about congestion and how the market develops around these specific Prediction Points, become a member at PredictionPointTrading.com.
Minutes after open the 1366.50 REDLINE produced a maximum of 8 points to the HOD. Prediction Points also predicted the low of the overnight session at 1363.25 TTT (To The Tic!... ESH). Learn more by visiting the Uses page.
MToD for today were the target projections at 1365.50 and 1367.25 Prediction Points, which ran for 8 and 9.75 points respectively from the low of the RTH (ESH contract).
Prediction Points are a new breed of market analysis. In a market controlled by government, greed, institutions, and High Frequency Trading, Prediction Points reveal their best kept secrets. If sabermetrics was a hard pill to swallow for those locked in the mindset of doing what has always been done in the baseball arena; Prediction Points will be an even harder pill to swallow for those entrenche...