ES Journal - 2013

[schizo]

Quote from volente_00:

My range for rest of the week is 1741-1761

You might be right. I don't anticipate us falling off the cliff. I'm sure there will be a short-covering rally along the way. But, overall, we should reach 1690 in 2-3 weeks (just before Black Friday rears its ugly head).

I'm sure you see my drift.

 

[RichardRimes]

WOW 30 points top to bottom. Congrats to anyone who actually collected 30!!!

fewer than 20 left for EMG to collect on his 1 pt

 

[RichardRimes]

Quote from volente_00:

Today ends at midnight




My range for rest of the week is 1741-1761

rest of the week would be .........................Tomorrow?

 

[NoDoji]

That's not a very pretty daily bar here. 'Twoud be a brave buncha bulls to defend at this level even though it is near the 20-day EMA. There's a 50-day EMA around 1710 and a LTL around 1670. Those should be good defense levels.

 

[schizo]

Quote from RichardRimes:

rest of the week would be .........................Tomorrow?

Not many bears, as far as I can tell, covered their short before the closing bell. This could mean the selloff pressure ain't over just yet.

 

[schizo]

Quote from NoDoji:

... and a LTL around 1670. Those should be good defense levels.

Is the LTL you allude to between June and October lows?

 

[NoDoji]

Quote from schizo:

Is the LTL you allude to between June and October lows?

Yes, that's the one.

 

[RedTankEra]

Revisiting the backtest.

 

[RedTankEra]

For next year, keep this channel handy.

 

[bighog]

1750.xx is where the eyeballs are focused for resistance. On a closing basis because the jobs report can throw a wrench into the works.