ES Journal - 2012

[satchel]

Quote from Trvlwanderer:

I show the gap at 52. had me a bit confused. Yes, never underestimate free-money bulls and an election year....ever!

so far so good, one hour into session and we are halfway ? to the gap close! i want to close out anywhere between now and next hour, this means half off position, tight stop no more be stop.

imo this is the start of a bigger breakdown from 78s yesterday - not enough to go swing short yet - maybe at the close when the bulls buy the dip. hourly looking great.

 

[Lawrence Chan]

Quote from satchel:

so far so good, one hour into session and we are halfway ? to the gap close! i want to close out anywhere between now and next hour, this means half off position, tight stop no more be stop.

imo this is the start of a bigger breakdown from 78s yesterday - not enough to go swing short yet - maybe at the close when the bulls buy the dip. hourly looking great.

First week of year - time to paint the Jan effect.

SPX will try its best to stay positive, above prev year close, by Friday.

 

[Trvlwanderer]

closed all contracts here at 63.50

 

[ammo]

61.75- 62.25 area bid to flatten

 

[satchel]

well done peeps

(as for me,closed half and tight stop on rest hit, the 78.5short)

 

[JoshDance]

SPX

 

[ammo]

wheres your diagonal supp josh

 

[satchel]

great chart JD - aka psychological lines - where the newbies (uninformed traders) bought highs and shorted the lows is one way I look at it. pain lines you could say?

 

[ammo]

Quote from satchel:

well done peeps

(as for me,closed half and tight stop on rest hit, the 78.5short)

nice ride,yesterday was difficult to read ,

 

[Macho]

Quote from Macho:

Going long 1 @126625 and another at 126375

Stop 143'15

Selling @126700 average is 126500

Stop catastrophic 126075.I hope the sun never shines there.