ES Journal - 2012

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I call market bottom around 1324... Next stop daily rally 1370 starting tomorrow or the next day. Daily candle will engulf upward.

Get ready my bully bulls!!! It's going to be our time again for a few weeks!
 
Today was pretty wild... Have not seen the market go into full blown whipshaw mode like this in a while.

I only managed to capture a bunch of handles chasing the 11:25 confirmed uptrend off the first lows retest of the day. Didn't make any other moves...

Market was a bit too unstable for my comfort... Volume internals never followed any of the rally moves so none of them were likely to "stick."
 

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Nah, few weeks...

This coming daily rally starting in the next couple days may only last a few days, but sometime in the last half of this month we will start a weekly rally. Which doesn't necessarily have to move the market much higher. Just don't expect continued selloffs again until around mid june.

Hmmm... On the weekly id say we have about 60% odds of holding the 1324 area, and 40% odds we hit 1280 before a weekly rally. Were not all that oversold yet.

Gah, a rally from here only has an upside of around 1370... Damn bear markets!
 

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Quote from Laissez Faire:

So, who made money? :)
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I pulled around twenty handles today, so I am pleased with my result.

How did it go in Crude, or did you just lurk and watch ES...LOL!! :p
 
Quote from keeptradin':

I pulled around twenty handles today, so I am pleased with my result.

How did it go in Crude, or did you just lurk and watch ES...LOL!! :p
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20 handles per contract or total?

Great job either way. :)

ES have been behaving very nice lately, I kind of miss it. Don`t quite have the pulse on CL yet, but hopefully I`ll get there.
 
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