CL Redux

[DonCorleone]

what's this? a triple top last 30 mins around 83.90-84.00? at least an intraday double top so far...

we're building a nice resistance that's for sure.

 

[JoshDance]

Quote from ammo:

volume spike on the 83.78 high ,5 minute bar

Don't see which one you mean.

 

[DonCorleone]

once this goes below 83.40 it should see a nice drop.

 

[JoshDance]

I am short .69, hoping the buyers will finally give up. Stop .85 soon to be .76 I hope

 

[JoshDance]

Quote from JoshDance:

I am short .69, hoping the buyers will finally give up. Stop .85 soon to be .76 I hope

Crap that was quick I took profit .51, I want to hold but they have bought it every time.

EDIT
I think I will short .47 with a tight stop and see how it goes.

 

[JoshDance]

Quote from JoshDance:


I think I will short .47 with a tight stop and see how it goes.

Shorted, and out BE. Buyers absorbed it right up, will see if sellers want to push back or continue being pansies.

 

[JoshDance]

Quote from JoshDance:

Shorted, and out BE. Buyers absorbed it right up, will see if sellers want to push back or continue being pansies.

The fact that the buyers could not even wait until 83.00, a more logical support, to buy this, leads me to believe they are quite strong and will take this higher than 84.00.

*Quite strong meaning strong in relation to the sellers. Both groups are still quite pansy-like at the moment.

Of course, maybe this push back was simply early buyers and the sellers will now take it lower (looks like it could be the case).

 

[Visaria]

Coming up to the final half hour of RTH.... will they push it up through 84????

 

[JoshDance]

Holy cow didn't realize it was 2:00 already. Since I've been looking at ES from pit close to 4:00, a 7:45 to 2:30 day seems kind of short

 

[Visaria]

I've had 10 losing trades in a row today, on all sorts of instruments. Not 1 winner.