ES Journal Archive (2006 - 2008)

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I think it will be up to the locals to extend the daily range today at lunch time.

EDIT: Still think it is a bit of a fake move down at the moment, oil is slipping a tag, once the tiny gap is closed we should head upwards.
 
Quote from romik:

I think it will be up to the locals to extend the daily range today at lunch time.

EDIT: Still think it is a bit of a fake move down at the moment, oil is slipping a tag, once the tiny gap is closed we should head upwards.
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Looks like we may coil up for a bit here. Right now a bit higher seems plausible, but the signals are extremely unclear short term.
When I look at a chart and upside and downside look equal--I stand aside. I still guess there will be tests of the 1300 number.

The test here on the downside is at 1293.75 and then 1293.00 from this morning.
 
Quote from Buy1Sell2:

Looks like we may coil up for a bit here. Right now a bit higher seems plausible, but the signals are extremely unclear short term.
When I look at a chart and upside and downside look equal--I stand aside. I still guess there will be tests of the 1300 number.

The test here on the downside is at 1293.75 and then 1293.00 from this morning.
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Yes...I would do a 1 lot trade here, but certainly not looking interesting. That gap's been closed now @ 1293 level
 
Quote from porgie:

30 MIN CHART IS GOOD FOR LONGER TREND LOOK
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30 looks like slight upward bias from this morning, but it is showing signs of bearish histogram divergence and RSI looks to be creating a head and shoulders. On the other hand--RSI is making a double bottom. Too unclear right now

The 3 is experiencing a rising MA. I still think we will see attempts at 1300. Today or soon.
 
analysis of the 60 minute chart using a line plot shows a slight bullish divergence with RSI. I think a full test of 1300 would be in the offing, but of course don't know when.
 
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