ES Journal - 2012

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Quote from Lespaulr0cker:

I agree, the cliff was the catalyst to reach the near 10% pullback we needed. It is now priced in.

The resolution (real or fake) will come (all at once or in pieces) to lift things back to where they were or higher (quickly or a slow grind).
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We can only go up it is a sure thing. We have to fullfill the triple top pattern in SnP.

Also note that the vix never reached 20, this isn't even a correction, it's just a dip to be bought.
 
need buyers to go up, buyers are greatest at supp areas or news events, there was no news and we did not reach support, so this is manufactured exp week move on weak volume that one needs to be leary about trusting
 

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Quote from mastacoli71:

i saw it was daily but was looking at 6E. 6E is far from bull flag.
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Same chart basically, but yeah, the flag if there is one has not yet confirmed continuation.
 

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It is present on the hourly as well.

it is now finding a support zone established over the past several months as well.

Something to keep in mind regarding the big picture correlations.
 
Quote from ammo:

think cash has to hit 1367-63 area first and see if it holds, this could just be the monthly exp week detour/commercial away from our regularly scheduled program
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that was a short commercial
 
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