ES Journal - 2013

[Trvlwanderer]

INDU futures setting on 15,000 for the open

 

[rroverx]

what say you folks?

 

[Trvlwanderer]

Quote from rroverx:

what say you folks?

spx broke the 50.

broke the lower tl on an uptrend.

fed is still plowing money into the machine.

It's June.

Gold and Silver continue to sell and that cabbage is going somewhere.

Other than that....add SPY on dips for L/T and trade what you see.

 

[mastacoli71]

Quote from rroverx:

what say you folks?

Depends where we close relative to 1600 cash.

 

[gmst]

Long 1604

 

[gmst]

Quote from gmst:

Long 1604

Add at 1600

 

[spxoptions]

Quote from gmst:

Add at 1600

Here's what I'm seeing:

 

[rroverx]

Quote from spxoptions:

Here's what I'm seeing:

what about that pretty significant short term triple bottom if this holds around here???

 

[Visaria]

Quote from Visaria:

short sept 1614

scaled out, average 1596

 

[spxoptions]

Quote from rroverx:

what about that pretty significant short term triple bottom if this holds around here???

I can't think of a catalyst that will push us toward 1700 (until earnings or something), but I can think of several reasons for a drop lower. Plus, with so many longs, the pain trade is to the down side.