ES Journal - 2012

[bigsnack]

Quote from JoshDance:

Any fundamental reason for this gap of 20 points over a holiday weekend where nothing happened?

This is what I saw on the daily chart last week, but I'm not in the habit of making longer term calls on much of anything.

 

[Trvlwanderer]

comp lagging a bit, but even commodities are pressing hod's. tough sell to short

 

[satchel]

s 78.5

 

[ammo]

spx nip

 

[ammo]

trans ledge 5149 high so far

 

[ammo]

es nip

 

[Trvlwanderer]

many stops at and above the HOD

 

[JoshDance]

still bullish but they are having a hell of a time pushing it, and with decreasing interest in doing so thus far.

 

[ammo]

sh 78 scratch sh 77.5

 

[Trvlwanderer]

load up longs until 75-76 then blast through the res line with all the power of the short covering.