ES Journal - 2012

[Laissez Faire]

Quote from Laissez Faire:

Open gap @ 1246,50 from last year as a target for next week.

Open gap at 39,75 as well.

Eyeballing the daily chart, 1240-1250 looks like a good zone to possibly find support, either for a trend reversal to the up side or consolidating before further down side.

 

[Lawrence Chan]

Quote from mastacoli71:

u thinking they will protect this area pretty heavily?

They just did. =)

 

[mastacoli71]

Quote from mastacoli71:

i sold a 1265 weekly put just now for 18 because i see 1250-1252 as next area of support. i am short one contract as hedge for longer term portfolio.

check out SPX monthly chart. that green trend line brings us down to 1200 but it may take a few weeks to get there. right in line with Greek elections and end of Operation Manipulation.

covered put for 7 pts

 

[keeptradin']

Quote from mastacoli71:

covered put for 7 pts

Nice job, M71!!

I have the PP at 80, offering 79.75 to get short. The only news I can see today is Factory Orders at 10:00.

 

[Laissez Faire]

Nice one, M!

Looking for a test of 75,50 here to see what`s next. Possibly support already at Friday`s close?

 

[Laissez Faire]

Took out the globex highs there.

FWIW, I have pivot at 81,50.

Not getting any good short signals yet, nor am I looking for one. May be a day for the long side.

 

[keeptradin']

Quote from keeptradin':

I have the PP at 80, offering 79.75 to get short.

Short ES @ 79.75, target 68.

 

[Laissez Faire]

What are you seeing, Keeptrading?

Looks strong to me.

If we pull back to 79 and it holds, I may go long.

 

[ammo]

sh 80 offer 81,2,3

 

[ammo]

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