ES Journal Archive (2006 - 2008)

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If ES opens above 20MA and crude futures behave themselves I'll be bullish for today on my first position, looking for breakouts above yesterday's 2 hour high (1319.25) or bounce off daily PP (1317.25) and/or Friday's Close (1316.00). First indication will be from immediate presence of positive/negative volume and 12/4 ma Xover. Confirmations will be taken from RSI, CMO, 50DMA, T&S and chart pattern/s.

6 month chart points to an up day, but we'll see. Good trading to all.
 
This bounce certainly would lend itself well to the triple bearish divergence scenario that I was speaking about a couple of days ago. Too early to tell but phase one here is occurring and that is a bounce,
 
Quote from Buy1Sell2:

This bounce certainly would lend itself well to the triple bearish divergence scenario that I was speaking about a couple of days ago. Too early to tell but phase one here is occurring and that is a bounce,
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Nice read there. First few days of every month buying took place this morning, but couldnt make new his, at least not yet.
 
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