ES Journal - 2012

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Today, the obvious target to me is 1414 for a gap close and Friday`s pivot point.

Friday`s high and R1 at 1417,75/1418 may act as support and prevent that from happening.

News in 3 minutes, so maybe that will shake up some things. I don`t have a position either, so I will just watch and see what happens for now. Too late (and risky) to enter a short here for me personally.
 
This is exactly why my systems with s/r and trend lines is struggling....they drift above or below s or r or punch through on non-typical price action lately.

At least for me, this is tough when the high probability's become 50/50 because of greater than normal manipulation, fed speak, fed action, media action etc.
 
Quote from Laissez Faire:

News in 3 minutes, so maybe that will shake up some things.
More...

That would have been four fast points.

I`m convinced 1414 is a target now, but I think I`ll pass anyway. :)
 
This is just a hunch, but the fact that we did not fill the gap at first when we were so close, tells me that this has the potential for a slide.

Just a hunch. :)
 
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