ES Journal Archive (2006 - 2008)

[ammo]

resting on the daily tl from 6/17 and 6/24 it broke this morn

 

[JSSPMK]

Take out 1320 SPX & we have a downside momentum ImPO

 

[JSSPMK]

Quote from JSSPMK:

Short 1325, stop near 1327, hard stop +5

They have to take out 1320 SPX, C'MON!!!

Scaled out 2/3 +6.25

 

[ammo]

17 print will get you 13,sh 20,23,27 covered 18.75, will reshort if we see 17.75

 

[jagmot]

I think we are seeing a bear trap. Took out stops above yesterdays RTH high at 1328. Market then heads lower and people put their shorts back on, only to add fuel to the fire when they are forced to cover.

We shall see, nice trades for those who caught the current top

 

[smilingsynic]

Quote from vertigo3:

smilingsynic,
are those prices you posted for today?, or just anytime ahead of the fomc meeting?

I think we've seen the high for the day, expecting a return to print 1318-1316 today.

Not today, necessarily, but up to the Fed announcement regarding interest rates.

1318-1316 for today sounds realistic, now that ES has returned to the daily pivot.

 

[smilingsynic]

Quote from smilingsynic:

Considering tomorrow's Fed meeting, any educated guesses on the highest the ES will go?

1334-1338 is my guess.

To clarify: I am not advocating shorting 1338 and then waiting for the Fed announcement. Careers end when traders become aggressive before Fed meetings (right, Blackheart? )

At 1334 and up to 1338, I will be selling off some long positions, though, but not going short right before the announcement.

 

[ammo]

sh 17.5 13 bid 23 stop

 

[bvam1]

Seems like we'll close at 15 or lower.

 

[tommymoose]

LONG NQ 1912.50 stop 1910.75... holding for high teens - twenties... Target 1918.50

BTW I need to post my blotter today... best day I've ever had...

not as nice as it was before... stopped haha