ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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i'm not greedy, rule of 10 cover signal will do just fine.
best case scenario:
today if we can close +35
then gap up again tomorrow and close up maybe 15 pts.
then we can have a meaningless friday, and still be in a bullish mode for next week.the key is to erase last weeks losses. If they can do that I think a new bull market has been born.
today if we can close +35
then gap up again tomorrow and close up maybe 15 pts.
then we can have a meaningless friday, and still be in a bullish mode for next week.the key is to erase last weeks losses. If they can do that I think a new bull market has been born.
They just couldn't take it above the 1365 level.. Orders cancelled and just watching this action for now.. if we should see 1370 today from these levels, I'd be careful with shorts there.
So far this looks like a reversal attempt with a possible double top here, but the trend is still up and I just can't see low risk high probability short opportunities here yet. Still, the ES turned straight around just at the globex pivot R1 (1364.50) and yesterday's low, indicating massive supply around the 1362-64 area.
Will look for strong signals to short around 1359-1361 area with a stop above 1362.50,
So far this looks like a reversal attempt with a possible double top here, but the trend is still up and I just can't see low risk high probability short opportunities here yet. Still, the ES turned straight around just at the globex pivot R1 (1364.50) and yesterday's low, indicating massive supply around the 1362-64 area.
Will look for strong signals to short around 1359-1361 area with a stop above 1362.50,
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