ES Journal - 2012

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So, looking at the attached daily spx chart, can someone tell me why we will not go all the way to 1344 cash? I think maybe it was very key today that we bought and closed at the very highs, above the last swing high at 92.66.

If you were looking at the market on this time frame, and if tomorrow we trade mostly at or above 1295 cash, would YOU sell before 1344 starting next week?

Today's trading may be very pivotal as it could mean establishing value above this 92.66 level, or if it gets rejected then perhaps we have a double top and need to find stronger support below. But the golden cross is nearing, it's already happened on the dow. Today's trading should be interesting.
 

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So, looking at the attached daily spx chart, can someone tell me why we will not go all the way to 1344 cash? I think maybe it was very key today that we bought and closed at the very highs, above the last swing high at 92.66.

If you were looking at the market on this time frame, and if tomorrow we trade mostly at or above 1295 cash, would YOU sell before 1344 starting next week?

Today's trading may be very pivotal as it could mean establishing value above this 92.66 level, or if it gets rejected then perhaps we have a double top and need to find stronger support below. But the golden cross is nearing, it's already happened on the dow. Today's trading should be interesting.
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Opex is the immediate mitigating factor I see.
 
selling the touches of the upper tl line on the way down. looking for 84 unless it signals 78. watching the db at 80.

another channel day without regard to s/r or value areas? so far.

eur approaching spt, so it may chop for a bit.

morning all.
 


all the way to the neckline? spt at 86 area then grind?

The bigger swing looks promising, but will again work the channel as yesterday out of concern for eur news and spikes.
 
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