ES Journal Archive (2006 - 2008)

[kinggyppo]

Quote from kinggyppo:

long spy 134.77 stop LOD. Nice trade, I was gonna say the pivot was $1348.50 es, close enough.

out 134.96

 

[kinggyppo]

floor trader pivots for esh8:


Symbol R1 R2 Pivot S1 S2
ESH8 1360.00 1368.75 1348.50 1339.75 1328.25

Maybe someone can post a chart. I don't like the way they look in the program.

 

[MandelbrotSet]

Market is basing around in a channel with very light volume ... most likely moves up into the close with 1356 / 1358 area providing resistance.

 

[ammo]

ive got 50 and 53 as res on 5 min, 45 support......12365 on ym res

 

[Dean80]

Nice call

Quote from ammo:

ive got 50 and 53 as res on 5 min, 45 support......12365 on ym res

 

[RsX]

Quote from RsX:

Covered all here at 1347.75

That's +14.25pts.. Ahhh.. feels good after these 1-tick brainf**ks.


EDIT: for the aggressive bulls.. here's some good bullish confluence between 1346-1349.. keeping stop around 1345 would be a low risk long, though I'm not convinced it'd be good probability.. after this knife-fall.. and I'm not gonna push any orders anymore, happy to have that for now.

But there certainly is good potential buying power at these levels. That's why I covered

1355 now, low was 1345.25. Yawn... this is TOO easy... well, it's always good when the markets behave in orderly fashion. It often also means there's chaos around the corner and one should not get too overconfident with his method. That applies for me, at least, so I'll try to avoid opinions and stick to my chart analysis.

The opinion would be that we'll go re-test the 1370 level and most probably break it sometime in the next 3 trading days this week, but I have yet to refresh my chart analysis for the multi-day and multi-week charts, so I'm not trading that opinion just yet.

 

[arealpissedgoy]

Anyone sell into that bounce off 1354 around 11:30?

 

[JSSPMK]

Metals UP
Crude UP
SPX daily histogram closed lower marking a possible 2nd lower peak

This really feels like we will at least see 1280 SPX re-test

 

[tommymoose]

Quote from tommymoose:


FWIW I see a continuation pattern ...triangle consolidation upper range being tested here at ~1368-1371... if market wants to turn off this setup this could be the last touch (also happen to be a DT) before we break to the downside pretty hard with a target to 1290.

Market playing by the rules to the T... coast to coast from the upper consolidation line at 9:30 to the bounce at 3:50 off the lower line to the tick. Within the next two days we should breakout in one direction or the other... most likely downward as this is a continuation pattern.

Holding SDS position from the equivalent of 1367 ES. Changing stop to just over highs at equivalent of 1371 ES. Target at equivalent of 1292 ES.

 

[ammo]

look at a 20 y chart of spx, you'll be amazed at the possibilities of the "shit hitting the fan" scenario, basically the internet bubble is on there and literally a bubble, then the last housing bubble a smaller bubble and then we are back in the channell that we,ve been above since oct,03, the top line resistance on that channel is 1375 roughly and the downside is 1150, i dont see any super economy ,boom, of any kind to push us back up above that res line.