ES Journal - 2012

[JoshDance]

Quote from tortoise:

anybody else watching this rising tl from midmorning friday?

the bots sure are


[edit: until that tl breaks, no trend change. wow.]

A picture worth a thousand words?

 

[Trvlwanderer]

Quote from JoshDance:

A picture worth a thousand words?

Uggghhhh....Josh, the rickshaw rambled. He's a paid poster.

 

[trickshot]

Theres hefty resistance between SPX 1340s to 1370, lots of selling in this area but the market isn't going down, I think it will still grind up to 1370 by rollover.

 

[tortoise]

Quote from JoshDance:

A picture worth a thousand words?

Yes. I will shortly. Right now I'm in the middle of a lot of opex-related crap...

 

[Trvlwanderer]

naz leading the pack again with new highs.

 

[bigsnack]

I've seen this day type before, where we gap up, have some sort of "blow off" top, and then grind lower most of the morning before finding buyers somewhere around the half gap. I agree that the morning will be sloppy, but I don't see a full fledged selloff happening.

TICKs are still positive so far, with no -600 closes.

 

[CollegeTrader]

sold 48s stop 52 edit target 44s

 

[ammo]

got a gap singing her songs just below

 

[Trvlwanderer]

Quote from ammo:

got a gap singing her songs just below

At least three near-term on the cash. Those gaps could go easily in two days.

However, I agree with Bigsnack, nothing indicating a big sell yet. Watching for 40-42 reaction if it comes.

 

[ammo]

fat puts at 130,35 call34 put close enough in dailyvol and open interest to be a strangle position