by Danny Riley

on March 4, 2015

Tomorrow, we have Chain Store Sales, Challenger Jobs Cut Report, Jobless Claims, Productivity and Cost, Gallup US Payroll to Population, Factory Orders, EIA Natural Gas Report, 3 and 10 Yr-Note Auction, 30 –Yr Bond Auction, Treasury STRIPS, Fed Balance Sheet and Money Supply.

Like the title of today’s video I really believe you have to think like an algo.

Two weeks ago I said the bus was getting too full on the upside and that we needed a 30 to 35 handle pull back and I pointed out where the sell stops were. 2106 down to 2096 and again under 2091 down to 2085 – 2085 was today’s low.

Charts are showing one thing and the algos are saying something different. Bus to full 2 weeks ago on the upside and bus too full on the downside today.. I called both.

I want to do a shout out to all of the MrTopStep collective for working so hard to get the PitBull webinar and boot camp off the ground and I also want to thank all the traders in the MrTopStep room. Great bunch of people all united for the same cause…

Want to know what I think? Were going back up but if you want to know more…Join the boot camp.. see what I see…
High: 2099.50 on the open
Low: 2085.50 mid morning
Last: 2092.80 last down 12 handles
Volume: 1.2mil ESH and 6kSPH traded in the pit
MOC: Too early