ES Journal - 2012

[Laissez Faire]

Quote from keeptradin':

Light volume days like this make it that much easier for the bigger players to smack the ES around.

Yeah.

The back fill and slow motion today is not really my favourite condition and makes me nervous actually, but I do think we`ll slide down to 80 eventually.

 

[mastacoli71]

Quote from keeptradin':

The 15 min chart would certainly point to a retest of the 80 level.

Just a question of whether there is any volume left in the market today.

volume does not seem to be drying up

 

[mastacoli71]

Quote from trickshot:

I have SPX 200dma at 1284, is this right?

yes

 

[mastacoli71]

Quote from Laissez Faire:

Bear flag broke.

safe to say

 

[mastacoli71]

Quote from mastacoli71:

scratch this, 1278 bid now

bidding 1282 again along with 1278

 

[mastacoli71]

long 82

 

[Laissez Faire]

Quote from mastacoli71:

bidding 1282 again along with 1278

Do you wait to see if 80 holds as support, no?

What if 80 breaks and we slide down to mid 70s?

 

[ammo]

Quote from ammo:

reduce 86.25,reduce 84.5

avg 91 bid 80.25 for a cash tag of 81.5 for reduce

 

[ammo]

looking for a volume spike in here, none yet

 

[Laissez Faire]

They are trying, but I`m not convinced.

Will load up for a short at 87 if we get there and it acts as resistance.