if your position trading I wouldn't be short anymore, the risks are the market can easily blow through the resistance levels up above:
96
16-18
28
44
56
66
96
16-18
28
44
56
66
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
wave - excellent early read & call today !
...the setup leading into the afternoon reversal was basic textbook....wear out the latecomers all session then precipitate a scramble for cover at the close.
...anyways, it will be interesting to see if buyers can extend this in a meaningful way tomorrow.
...the setup leading into the afternoon reversal was basic textbook....wear out the latecomers all session then precipitate a scramble for cover at the close.
...anyways, it will be interesting to see if buyers can extend this in a meaningful way tomorrow.
Take a look at how closely that trendline is being followed...
It must be a large capitalized computer system, I heard of these systems used by the Asians that can print any patterns in the FX markets.
Whoever it is, is well capitalized and has an agenda and basically saying follow our agenda.
It must be a large capitalized computer system, I heard of these systems used by the Asians that can print any patterns in the FX markets.
Whoever it is, is well capitalized and has an agenda and basically saying follow our agenda.
escape?
Hey Atticus,
whats your view on equities now?
Chris
whats your view on equities now?
Chris
240 chart had a nice bullish divergence. That's why it didn't necessarily make sense to short below the 1449 reaction low on the hourly. I would guess that this will constitute the bounce from here. I am not long yet as I believe it will most likely fall again after some more upside before the real upturn (if there should be one). Sidelines for now. Signals are not present yet. 
Have a good day all
Have a good day all1642 next target................
buy1sell2: I thought that you were short the ES a couple of days ago?
- Status