ES Journal Archive (2006 - 2008)

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Quote from tjymaui:

Nice call on the short, Apex

thanks after gettting stopped out in the globex it was tough getting back to green on the day.. tough day

getting a nice run on my last units short here though :)
 
Quote from Spooz Top:

Es 30 min looking like a pretty good island reversal.......another wonderful gap n grind day it appears.


Good call ST and nice trade Apex, I bet no one saw that coming especially the ES.
 
A reminder to all...

Thursday, June 7 is roll-over day for many retail firms and datafeeds. Front contract will be U7. Last trade (and settlement) for M7 is Friday, June 15.

Osorico :)
 
Quote from apex82:

Anyone know what happened last night? It hit 1536 to the tick which was major resistance but this looks more like a news event.

Well... I agree with spectre. This is basically the bulls last stand. Any move below this 1524-1525 zone we should see a move at least to 1514-1515 if not 1510. However if this zone holds, it would be very bullish. This market PA is indicative at intermmediate tops.

We have patterns in some of the indices indicating a trend day.



Aftermath....
 

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All open long futures positions in ES and NQ have been sold today. I have left my put options in place. :)

I will look for long opportunities now in the Sep Contract. No position on right now. I believe there is at least the possibilitiy if better prices. :)
 
Do you see 1515 as significant support? I noticed that the move from the high of 1543 to today's low of 1515 was exactly 28 points. The retracement from the high of 5/23, 1535.75 was also 28 points to 1507.75. Love the symmetry! :)
 
1490-1480 next support level for ES. Didn't close up in a positive fashion today.

The timeline for stop runs has been altered, and it looks likey they will get most of their selling done within this week and next week. No reason to be long ES at this moment in time.
 
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