ES Journal - 2012

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Quote from gmst:

Yes, very well can happen, support at 1305 is pretty strong. 8 attempts (24hr session) from Friday to Today but couldn't break it. Only the kind of selling we witnessed in morning today has a chance to break it, which could come post 3pm. Otherwise we go higher towards 1325.

yeah. i don't see sign of sellers anywhere on this 6pt pullbakc (or reverse)
 
Quote from fishing:

yeah. i don't see sign of sellers anywhere on this 6pt pullbakc (or reverse)

pullback, reverse? been there done that.

we test lows here man imho

keep in mind the VERY hard selloff

we were lucky, imo, to pullback to here! :eek:

please, just my very uninformed opinion
 
There's an unfilled gap from last week at 02.75, which is also 50% of the last run up from 1286, fwiw (50% = 02.25). Last 50% retrace we had was from about the same size up move, 30 pts.

Cheers.
 
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