ES Journal Archive (2006 - 2008)

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I will post more analysis later if I have time.

At this point 1449.50-1451 is an extremely critical zone.

If it can sustain a move above it would definately be bullish and new highs are not out of question.

However, if this drops below again and holds below we could see downard pressure on the market down to 1442 or lower.

Bernake speaking today so we will see what develops. Wednesday of option expiry typically volatile.
 
Quote from Buy1Sell2:

There was no gap fill yesterday. I will maintain this long for now.

Not sure I understand your thinking, Why do you want to hold a long over a gap that did not fill ?


The writing is on the wall and in the next 3 days cash will revisit ~1440.
 
Quote from volente_00:

Not sure I understand your thinking, Why do you want to hold a long over a gap that did not fill ?


The writing is on the wall and in the next 3 days cash will revisit ~1440.

Current 30 minute chart. Gaps are not always filled.
 

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Quote from Buy1Sell2:

Current 30 minute chart. Gaps are not always filled.



On indices gaps eventually fill, may take days, weeks, or longer but eventually they fill. Looks like ol ben is giving b1s1 a v day present.
 
Quote from volente_00:

as porge said, "watch the 9 o clock turn"

Yes pre open is very important.
The clue lay in the 9.15 touch of yes high and the subsequent build up on the ask.
 
Quote from fearless9:

Yes pre open is very important.
The clue lay in the 9.15 touch of yes high and the subsequent build up on the ask.


Porge is talking about 9 cst or 10 est.
 
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