ES Journal - 2012

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hard to know which timeframe to use but the 9o day,180 day and yearly mp numbers for the resistance nip on the up move didnt hold, so with that weak link in the analysis taken into acct, when the move takes out the nip on the 30 day ,the next cleavage,nip or ledge above is the next target in cash thats 1420.30, we got within 60 cents of that so this up move from 1343 likely saw its top, we may need to get into that 20 -22 cleave to find the larger sellers,we need to break below the 13 14 nip to confirm this move is done, the next target below would be the 1408-9 quad top area and tl
 

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Quote from ammo:

hard to know which timeframe to use but the 9o day,180 day and yearly mp numbers for the resistance nip on the up move didnt hold, so with that weak link in the analysis taken into acct, when the move takes out the nip on the 30 day ,the next cleavage,nip or ledge above is the next target in cash thats 1420.30, we got within 60 cents of that so this up move from 1343 likely saw its top, we may need to get into that 20 -22 cleave to find the larger sellers,we need to break below the 13 14 nip to confirm this move is done, the next target below would be the 1408-9 quad top area and tl
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thanks ammo
 
Quote from Laissez Faire:

Appreciate your input.

I just know that sentiment`s been bearish for longer than I care to remember and this market just keeps going higher.

I`m no economist. :)
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sentiment is bearish, rightfully so, but the FED is supporting the markets. So markets can crash but only fleetingly.
 
Quote from Spectre2007:

sentiment is bearish, rightfully so, but the FED is supporting the markets. So markets can crash but only fleetingly.
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Exactly and hence the "no rhyme, no reason" attitude. s/r levels, pivots, even some tl's are varying too much for even the widest stops.

surprisingly, some rsi and stochastics combos are actually worth watching as of late.

They have been helping with exits on the goofy moves.....
 
Quote from Builder17:

thanks ammo
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need also to see if that 20-22 cleave holds,if not then the 26 nip above,have to reassess at each point with the internals,corresponding trans,eur
 
Tough intraday market today.

I`ve been positioned for two gap fills today and scratched both of them.

Currently, I have no idea which, but I suppose either of them is in play by today, so it`s just a matter of waiting for the right entry and confirmation.

EDIT: Failure at 1417 and we could be seeing a head and shoulder pattern intraday.
 
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