ES Journal - 2012

[keeptradin']

Quote from keeptradin':

Long ES @ 36, Target 42, Stop 33. No adds.

Covered Long @ 36, B/E.

I would feel better being in around 33.

 

[mastacoli71]

Quote from mastacoli71:

add 35.25, avg 37

reduce 37.5, avg 37

 

[keeptradin']

Quote from Laissez Faire:

Open big gap down (outside prior day`s range). Risky to go long, no?

I see a move to the 42 level, which is S1 and a 50% RT.

It seems that a test of a significant previous low (32.75) would come first. We shall see...

 

[mastacoli71]

Quote from mastacoli71:

reduce 37.5, avg 37

reduce 38.5, avg 37

 

[keeptradin']

Quote from keeptradin':

I see a move to the 42 level, which is S1 and a 50% RT.

It seems that a test of a significant previous low (32.75) would come first. We shall see...

Bidding 33, offering 42.

Bulls trying their best to push it up and run the stops ~ 41, but volume isn't there.

 

[trickshot]

SPX 1340 is a pretty major support, lots of buying here which looks very likely to end up being exhausted eventually.

 

[keeptradin']

Quote from trickshot:

SPX 1340 is a pretty major support, lots of buying here which looks very likely to end up being exhausted eventually.

Looking more and more like a bear flag here.

 

[mastacoli71]

Quote from mastacoli71:

reduce 38.5, avg 37

add 34, avg 36

 

[trickshot]

We are now well below the low 40s - mid 60s range established last week, this doesn't look good...

 

[keeptradin']

Quote from keeptradin':

Bidding 33, offering 42.

Missed the entry by one effing tick. :eek:

I'm gonna start looking at the short side pretty soon.