ES Journal Archive (2006 - 2008)

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premarket is turning bearish.....looks like they might want to test 1520 or lower. but if 1530 or higher is sustained I will be long.

it will be a volatile day today even though there is no news.
 
Alright... here are the levels for the day and the coming week. Monday following option expiry typically range reduction day. Market has probabilities of moving lower from R1 or R2 for a move of 30pts+.

Still short from 1527-1527.50 We hit the zone right into the close on friday that was posted in the morning at 1527.50-1528.50. Stop is in at 1530.25. Will reenter short at R2 if stopped out.

R1 1527.50-1528.50 Market opening in the zone

Minor R 1532.50-1533.50

R2 1537.50-1538.50 (Best value area, put this on your chart)

Here is the chart...
 

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Quote from apex82:



Still short from 1527-1527.50 We hit the zone right into the close on friday that was posted in the morning at 1527.50-1528.50. Stop is in at 1530.25. Will reenter short at R2 if stopped out.
More...

stopped out these bulls cant be stopped. Not looking for shorts until 1537-1538
 
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