ES Journal - 2014

For those that are hunting for market tops, just a possible scenario. If we can close somewhat near this level, and Friday closes near today's open, on the daily chart, this will be the momentum necessary to see some downward pressure in the coming weeks. It would be a nice blow off top followed by a trap, and nice reversal setup in store.

Bet it doesn't happen, but just a scenario to get some reversal of momentum.
 
OTCkrak said:
like Visari was quoted earlier.. you need to also look a the fundamentals..

tomorrow is NFP.. and that has the potential to move the market higher regardless of whether the number is a beat/miss..

a short at 1935 is looking better than 1920 yesterday but 1950 is a real possibility
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OTCkrak: I understand a lot of people look at fundamentals. I used to work at a prop. desk of a major player (pre. tarp) where the desk's mandate was to take short-term positions to "hedge" the fundamental plays of the economists in the bank. So, I look at the market in a different light.

There is always room for everyone in the market. Just that one should know what they want to do.

All the best!
 
MadSpeculator said:
OTCkrak: I understand a lot of people look at fundamentals. I used to work at a prop. desk of a major player (pre. tarp) where the desk's mandate was to take short-term positions to "hedge" the fundamental plays of the economists in the bank. So, I look at the market in a different light.

There is always room for everyone in the market. Just that one should know what they want to do.

All the best!
More...

i was making a general comment.. not directed at you or anyone.. point is.. the markets (ES/ZN/NQ.. whatever) could move big tomorrow on NFP
 
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