ES Journal - 2015

I see daily as a contrarian sell, yesterday's bar closed below 10ma, histogram is negative today. NYSE composite was rejected from 10 monthly MA few days back too, TRAN is trading below it as well.
 
  1. Actually the 80 is not minor. This is a make or break zone. For me sell offs from this area will start taking the daily much deeper.
I believe it to be minor unless selloffs from that area can create a close below 64.
 
We have now taken a quick peek above 78.75. I will be holding long here for a bit and see how it plays out. Nothing says sell yet. I'll keep the stop the same for now.
 
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