ES Journal Archive (2006 - 2008)

[Spectre2007]

fx markets never confirmed the break. And ES was arbed.

 

[tomahawk]

Significant resistance on the daily ... anyone else feel the high is likely in for today?

 

[smilingsynic]

Quote from vertigo3:

there is still an opening gap from 4:00 close yesterday which was 1450.75
Doesn't this thing have to fill?
Does anyone think this thing has to fill?

I am not going to be able to daytrade for another week or so, so I will not be able to capitalize if I am right, but when the market gaps up, and then trades down to a point that there is a swing low above the gap, there generally is at least another strong move up for the day. I would not at all be surprised if this morning's highs are challenged again.

The market has not touched the pivot point, and it's almost 2 PM. Plus a Wyckoff spring off of the lows. That is bullish action, imo.

Back to work.

 

[Spectre2007]

Quote from tomahawk:

Significant resistance on the daily ... anyone else feel the high is likely in for today?

yip...fx markets tame till BOJ so other markets should be too, unless usdjpy makes new high on the day.

the resistance is at a significant level, channel, and up top, you could sense someone wanted to prevent the break above trendline today.

 

[Spectre2007]

if banks are borrowing at the discount window.. risk is fed funds gets cut preemptively.

 

[HolyGrail]

Here comes the topple down to new lows.

 

[JSSPMK]

Quote from HolyGrail:

Here comes the topple down to new lows.

I agree, expecting a plunge

 

[islands111]

Quote from tomahawk:

Significant resistance on the daily ... anyone else feel the high is likely in for today?

i think we close strongly

looking for 1470, possibly 1480 before tomorrows open

 

[tomahawk]

Quote from Spectre2007:

if banks are borrowing at the discount window.. risk is fed funds gets cut preemptively.

Agreed. Thanks.

 

[Spectre2007]

Quote from tomahawk:

Agreed. Thanks.

a predictable move was early on the week, now my gut is telling me next possible chance is Friday...

since Friday was last move, they wait for the situation to play out and give it a week, and if things don't improve, they cut after durable goods report or before or 2:15 pm.

especially after the political fallout, this week, I think someone knows something, and this action overnight and today is very positive on the whole.