ES Journal Archive (2006 - 2008)

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Does anybody have any data for the following days of a Fed meeting ?

Today was one of the days were it never really looked back, are there any stat's where the next day it'll come back and test the area it broke away from ?

There is still a gap from this morning, would that draw the price back down, or is this rally too strong ?
Thanks
 
Quote from plumber68:

Does anybody have any data for the following days of a Fed meeting ?

Today was one of the days were it never really looked back, are there any stat's where the next day it'll come back and test the area it broke away from ?

There is still a gap from this morning, would that draw the price back down, or is this rally too strong ?
Thanks
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Put on your flip flops. There is a correlation from the past.



Also on oe weeks, quite often the reaction high or low for the week comes on wed.
 
With such a strong directional move into the close I would expect further upside. 944 would be 1st target and 960+ after that. I would need to see strong momentum down on larger timeframes before fighting this move and will look aggressively for longs.

Alignment on a lot of fronts, fomc, seasonal timeframe, to snow in Chicago that could really accelerate any move, up or down, I am looking for up.

Quote from plumber68:

Does anybody have any data for the following days of a Fed meeting ?

Today was one of the days were it never really looked back, are there any stat's where the next day it'll come back and test the area it broke away from ?

There is still a gap from this morning, would that draw the price back down, or is this rally too strong ?
Thanks
More...
 
I have just noticed, there is a 2 days island reversal with the Friday downgap and today's upgap. Not very good sign for bears.
My earlier comparison with the 5 mins chart a few days ago is still in play....
 
Quote from startraitor:

Looking at entries 904-905 for longs. stops under 998, upside target is open.
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Thats the first zone I have as well. These AH drifts after powerful rallys have a way of being able to retrace very deep though so after that I have ~898-900.

In the meantime though a little pop up to 910-911 before continuing to drop would be healthy
 
Quote from dmartin:

Sold half my position a few minutes ago at 914.25 which was purchased at 859.5. Total profit so far is 131 points. Stop moved to 839. Sooner or later I will be stopped out. Will look to buy around 875.

DMartin
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Just sold all my position at 912.75. I am flat and want to get long. After going over my indicators I pay attention to we are overbought and gettting more overbought. Usually we have a pullback after the S&P has moved 3% or more on a FOMC announcement. I'm looking to buy back at around 877 and 868.5. If I wrong I will blame my stupidty on Pekelo.

DMartin

PS Excellent article
 
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