ES Journal - 2016

[Buy1Sell2]

That is my view for now.

 

[der_kommissar]

That is my view for now.

I agree with your view...Still appears to be a controlled range for the time being...Rewarded for selling rallies and buying breaks below recent swing lows.

 

[Spectre2007]

 

[Spectre2007]

above price structure usually leads to intermediate term climactic selling/ ..to 2010.. or so.

USD/JPY .. everyone is looking at 105.. to see if it will hold.. so no true buyers till 105 is tested.

 

[I Know You]

Triple rejection of resistance zone on daily, let's see how low this will go. Russell monthly classic 3 lower highs, now been rejected at 10 SMA MONTHLY.

 

[der_kommissar]

Algo's need some "hawkish" talk.

 

[CBC]

There still are opportunities to short, but I do understand the jist of what you are saying. I've mentioned it many times, but the cleanest moves in this market are invariably to the upside. The past 5-6 TD's have all the markings of the "bear phase", which means that spike bars to the upside are a given (from which the selling can procede at higher levels)...the net effect is that prices basically stay flat (over the time period)...heck I even saw a chart of how often this market now "pivot's" around the 12/31/15 cash close.

Modern markets.

There are still places to short. My point is while the market was trading in a smooth upward trend I didn't think it was a good idea to jump in short. There have now been quite a few -10 point ranges during the day from the open. Hopefully we get some more.

 

[volente_00]

above price structure usually leads to intermediate term climactic selling/ ..to 2010.. or so.

USD/JPY .. everyone is looking at 105.. to see if it will hold.. so no true buyers till 105 is tested.

I'm showing 2009 touch

 

[Buy1Sell2]

As I look at the 60 min , it appears very negative and agrees with daily

and this certainly played out.

 

[Buy1Sell2]

Sell rallies that exhibit overbought conditions with fresh downside momentum.

worked out.