ES Journal - 2014

[johnny_utah]

Long 21.25, stop 19.75. Looking for 3-5 pts.

Out + 2 ticks.

 

[MadSpeculator]

Does anyone else think they are manipulating the S&P down? It just seems to weird that it would be down to me....

According to my read: The prints are validating the down move. I went back to Jun 09 and re-rolled the tape. There was a complete failure of longs above the 52.50 level. I completely missed that ... may be 'cos I was out on vaca. Then today, the shorts re-confirmed the down move [defended the down move] around the 38 level. However, my view is that the 38 level level will be tested tomorrow to see if the shorts hold.

Edit: Even going into Jun 09, there was a lot of weakness from Jun 05.

All the best!

 

[gmst]

Its just a correction, bull run continues.

Get long for 10 easy points here

 

[CoolHandLuke]

this was a a sinificant change in direction. it did not go unnoticed to the shorts!
they are saying should i cover here from way above, take my profits. or hold short for change?

do the math, they are covering here!

 

[CoolHandLuke]

there a gap above that needs filled @ 1950.

we won't fill it from right here, yet. but will work our way to it in a stealth fashion.

some ground must be made up from here, i'm guessing 33.75?

 

[CoolHandLuke]

buying YM 16733 trgt 16755

 

[tiddlywinks]

there a gap above that needs filled @ 1950.

we won't fill it from right here, yet. but will work our way to it in a stealth fashion.

some ground must be made up from here, i'm guessing 33.75?

Unless you are talking about the cash index, it is possible for opening gaps to be "filled" via calendar spreads and/or other futures/options on futures rollover strategies. I'm just saying.

 

[TskTsk]

Just another dip, and another chance to get in long at a discount.

 

[mastacoli71]

Just BTFD

 

[tiddlywinks]

Lose the bias, and learn to trade what the market offers.