ES Journal - 2012

[ammo]

Quote from ammo:

add 55,prev avg 64.75,new avg 60.05

flat 5.25..edit..nice call atti

 

[mastacoli71]

57.5 is top of most recent channel on 60 min chart. not sure if this will hold given the last 5 days of selling pressure but never the less it is a reference point

 

[mastacoli71]

daily chart

 

[mastacoli71]

Quote from mastacoli71:

57.5 is top of most recent channel on 60 min chart. not sure if this will hold given the last 5 days of selling pressure but never the less it is a reference point

if we break potential buying pressure up to 77-80 zone. not today but into weeks end.

 

[trickshot]

Looks like a reversal on the daily to me, should be meaningful since we broke key support today (but is now well above it).

 

[FreakofNature]

These markets, take the last lows, then a massive daily hammer begins to develop.

I thought lower lows meant downtrend , got to think outside the box that's for sure.

 

[trickshot]

Quote from FreakofNature:

These markets, take the last lows, then a massive daily hammer begins to develop.

I thought lower lows meant downtrend , got to think outside the box that's for sure.

LLs mean downtrend, but there will always be retracements.

 

[mastacoli71]

Quote from FreakofNature:

These markets, take the last lows, then a massive daily hammer begins to develop.

I thought lower lows meant downtrend , got to think outside the box that's for sure.

remember, market makers push in direction of the most pain.

 

[ammo]

more often than not, one noted tech,erlanger, says it's a must for validation, a head n sh will retest the neck before descending, short 60

 

[creekboy]

long 1361.50 target 62,50