ES Journal - 2012

Status
Not open for further replies.
Quote from Laissez Faire:

Still potential for an intraday H&S here?

If that fails, I suppose next stop is 67,50.

Then the globex high at 69,50 from Sunday.

And finally my stop at 70 and then beyond? :)

:(
More...

nice wedge on the 15 with an upward break point in the middle of the AH volume. breakdown is vicinity yesterday's high.

If I were smart, I would power down now. But I never claimed to be smart. :eek:
 
Quote from Laissez Faire:

Interesting development. I was expecting the worst, but then I come back to this. :)

Another chance to take a small loss here, but I remain stubborn.

I`d like to see a failure around 65,50 for a right shoulder. :)
More...
I would surprised if the ES rolls over before testing the Sunday night Globex high of 1369.75. Maybe they are trying to suck in more shorts before they pop the ES above 1370 to clear out all the stops before a real reversal occurs. Globex highs/lows eventually get tested during regular trading hours. If they do not pop the ES to test 1370 today then, then it probably will test 1370 on Sunday night/Monday.
 
Quote from Trvlwanderer:

nice wedge on the 15 with an upward break point in the middle of the AH volume. breakdown is vicinity yesterday's high.

If I were smart, I would power down now. But I never claimed to be smart. :eek:
More...

I don`t see it very clearly? :)

Looking at the 5-minute ETH, we`re still printing lower highs here.
 
fwiw, still no SPY gap fill yet. I'm thinking it's possible everyone's already short and no one covering yet, but there's no one willing to add short and bring it down either... yet.
 
Quote from ActiveTrader07:

Globex highs/lows eventually get tested during regular trading hours. then it probably will test 1370 on( (Sunday night/))Monday.
More...
bit of a contradiction
 
Quote from ActiveTrader07:

I would surprised if the ES rolls over before testing the Sunday night Globex high of 1369.75. Maybe they are trying to suck in more shorts before they pop the ES above 1370 to clear out all the stops before a real reversal occurs. Globex highs/lows eventually get tested during regular trading hours. If they do not pop the ES to test 1370 today then, then it probably will test 1370 on Sunday night/Monday.
More...

I agree that this is a very likely scenario, but I can also see different scenarios. I don`t think all globex high/lows get tested, unless you zoom out to a very large time frame. Also, a test at Sunday night would not matter according to your theory, right? :)

Other scenarios.

What if there is no reversal around this zone of any significance?

What if we clear 1370s? Then 80s, 90s and even 1400 first? Is there any significant resistance after the 1370 area?

Let`s see what happens. :)
 
Status
Not open for further replies.
Back
Top