ES Has Bottomed

[JackRab]

we're heading to 2325-ish and stay there a few days. That will be the bottom for the time being....

Let's see if this holds...
Getting close in AH... (or is it before hours, since markets haven't opened yet???).

 

[Pekelo]

We are looking at a 16 pts downgap, so the bottom was obviously not in.

 

[4pipsSake]

We are looking at a 16 pts downgap, so the bottom was obviously not in.

If you are looking at ES 06-17 contract how do you get a 16pt downgap? Just to round it down. I have a close 2343 and an opening gap 2337 = 6 points

 

[Buy1Sell2]

If you are looking at ES 06-17 contract how do you get a 16pt downgap? Just to round it down. I have a close 2343 and an opening gap 2337 = 6 points

I think he just meant 16 points down so far.

 

[Pekelo]

-21 points so far, 35 mins before the open...

 

[Buy1Sell2]

Further confimation here that ES has bottomed. Pricing is currently 2333.50

 

[Buy1Sell2]

ES will make new all time highs prior to hitting 2258.00 (June ES pricing is 2336.75)

This is a reminder of the call on page 1.

 

[nooby_mcnoob]

Does anyone here ever correctly call bottoms/tops? I can't imagine a strategy that requires you to call bottoms/tops ever working consistently.

 

[Buy1Sell2]

Does anyone here ever correctly call bottoms/tops? I can't imagine a strategy that requires you to call bottoms/tops ever working consistently.

It's a significant portion of what I do when I trade. I don't necessarily call them out in public, but I look for them and trade them .

 

[Buy1Sell2]

For example, unless I see an obvious top in a uptrending market, I will continue buying pullbacks etc. and using stops if wrong.