ES Journal - 2014

trans held res at that blue line from 2012, sitting on lows at line from apr 22, next below is 7990 area, about 22 pts away
 
pinkman said:
Out of time.
Off out for a meal very soon. Have my take profit order at 191.60.
Will be back after the close
More...

I'm back.
Looks like The high was 191.58 lol. So Still holding it.
should hit my profit target tomorrow.
Probably only a small rally tomorrow and then a ramp up on Thursday I guess.
 
with excess liquidity i am very comfortable holding a short position at these levels based on my assessment of macro risks and equity valuations.. however i do believe there is a real possibility this runs to ~1935 in the next few weeks and 2000 by August, absent any downside catalyst.. from a purely technical standpoint.. the quarter long consolidation and now breakout above 1900 is textbook.

a bearish bet here is praying for a macro event. there is a case to be made that next week NFP significantly beats expectations and the consensus for a rate hike by the fed moves into the third quarter this year. even so, the commentary will be based about improved growth outlook.

cash SP500 2 years
http://imgur.com/oSm6dBZ
 
bonds still rising http://i.imgur.com/mDPpKJ5.png

nq needed to hit that 3824 ledge http://i.imgur.com/mDPpKJ5.png

this may be like expiration where they fatten up the calls, then dunk it and fatten up the puts then bring it back to center http://i.imgur.com/ifGFrkW.png
http://i.imgur.com/ox6Vx1c.png 1920 spx line
http://i.imgur.com/1KuKO7N.png 1913 line we hit tonite with a 10 50 print
http://i.imgur.com/CIW3j6Y.png trans close after tagging 2012 res line
http://i.imgur.com/5aew0CL.png dow 2000 resistance line,hit on the open and never went up after
 
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