ES Journal - 2014

horton said:
I am long RUT puts from 1180 for the trend line break and consequent test of 1165. Some of that is off now and I will take another piece at 65 with rest held for more tomorrow to see if we can follow through to RUT 50 or less.
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Bidding another piece off at RUT 60.
 
I get the feeling one of two things have just happened.....they pushed it back down hard so that it can have better momentum for this possible reversal up, OR they are pushing this up to trap more longs and have better momentum down. Either way, sloppy price action needs a move like this to give us more flush moves without the spikes. I'm waiting to see which one happens, then I'll strike.
 
EsKiller said:
What is your reasoning behind 2000 ? If this can break 97, I have 2002-2004 as next sticking point. Thoughts ?
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Bulls saying to the bears we're not scared of taking and holding longs over the weekend. And if they close it above 2000, it is a strong message of their resolve in keeping the market up for decent follow through next week. We're also low on volatility, and I expect some uptick in it the next 4 weeks or so.
 
iloveoptions said:
Bulls saying to the bears we're not scared of taking and holding longs over the weekend. And if they close it above 2000, it is a strong message of their resolve in keeping the market up for decent follow through next week. We're also low on volatility, and I expect some uptick in it the next 4 weeks or so.
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1900 for sept opex?? =)
 
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