ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Looks to me right now, like the initial seeds of an hourly bullish reversal/basing are being sown. We are at a point on the hourly where either the downside trend will just continue or we will get a significant reversal to the upside. The reversal may not feature a Bullish divergence (at least not class A), but would feature the triple bottom in price (and RSI perhaps as well). I am favoring the reversal to the upside here with a retest of 1300 area most likely tomorrow afternoon, but could happen today.
 
Quote from Buy1Sell2:

Looks to me right now, like the initial seeds of an hourly bullish reversal/basing are being sown. We are at a point on the hourly where either the downside trend will just continue or we will get a significant reversal to the upside. The reversal may not feature a Bullish divergence (at least not class A), but would feature the triple bottom in price (and RSI perhaps as well). I am favoring the reversal to the upside here with a retest of 1300 area most likely tomorrow afternoon, but could happen today.
More...

If you are short term day trading here, pay special attention to the 3 and 5 minute charts for early evidence of my view.
 
If this week ES will re-test 1300-1320 range would A class BRD still be possible on a daily TF? At the moment it does look like a weak A class (not much price range difference between the 2 peaks). 2nd peak in HIST and also RSI a touch lower (on my platform) than the 1st one. Your thoughts?
 
Quote from Buy1Sell2:

I believe that we will rally 5 or 6 pts into the close
More...

Well, looks like I had the number of points right so far), but it wasn't by the close was it?
 
Status
Not open for further replies.
Back
Top