ES Journal Archive (2006 - 2008)

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Quote from vertigo3:

JSSMPK, so you consider this to be a negative for the ES market?

edit: The reason I ask is because I do not see a 3rd divergence in the shorter-term 2 minute charts
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correlated patterns increase probability IMO

look at the histogram, ES could well put in a 4th high vs 4th lower peak in histogram. DAX did retrace based on a triple divergence, I managed to almost catch the top, but now we are waiting on S&P500...
 
OK, just wondering,
but then I re-read your post and saw that you were referencing histogram, I am looking at MACD.

Now, with prints above the recent swing high at 11:18 of 1507.25, A selling tail would be short-term bearish. 2mincharts
 
Quote from vertigo3:

OK, just wondering,
but then I re-read your post and saw that you were referencing histogram, I am looking at MACD.

Now, with prints above the recent swing high at 11:18 of 1507.25, A selling tail would be short-term bearish. 2mincharts
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Shorting 1 lot here 1.25 stop

stopped out
 

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If you look at the June 8th low on the SPX we have passed that but the nasdaq has not.

One possible scenario I am looking at was for the june 8th low to be broken and we head for new highs, in a climatic move.

I was also thinking of the fact that the june 1st/4th highs were not broken on the 15th/20th high. It was only a few points away, to me surely the stops would have been taken out prior to a major decline (a 2B top)

Third yields that started this move are now at 5.05

Finally everyone is bearish as hell

Simple stuff but with 5 down days(Lower lows) in a row I am expecting a couple of days correction however the mentioned scenario is something to watch.

jm2c
 
BoyBrutus, can't deny your logic. tricky right here because the market has accomodated a lot of sellers, especially over the past 2 days.

If this market (today) is going to move higher, IMO vix would probably have to move to new lows for day (meaning prints under 16.74)

DOM at 1508.50 was 3300 (last time I could see it), 3300 is pretty big relative to what's on the screen now. Price does tend to move to size, but maybe not if it can't be seen.
 
Thursday, June 28, 2007
ET/GMT Expected Previous
0830/1230 Jun 23 Jobless Claims -9K +10K
0830/1230 1Q GDP, final +0.8% +0.6%


1100/1500 Jun Kansas City Fed Mfg Index 20
1415 Two-Day FOMC meeting continues;
interest rate decision expected 2:15
p.m. EDT Thursday

Tomorrows FOMC will be explosive, an upside pop could fuel a move like 032107 shorts will be toast. A good breakout play imo

imo they will say some BS bullish statement about the subprime situation :D
 
Quote from tommymoose:

Stop moved down to 1506

:stopped out at 1506.... +2.75 points:
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I would scale out, no need to trail your whole position, we never know the range of intraday oscillation. I used to be all in/all out, never did make any consistent profits.
 
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