ES Journal Archive (2006 - 2008)

[Spectre2007]

double test of 51 now. So price compression till it breaks the setup is still pretty active. Traders wont go to lunch till it busts.

 

[BoyBrutus]

YM is leading this move. Looks like a pennant on the NQ and ES. Watch for the breakout.

Volume indicates a more downside bias

Edit: The Emini's just dont move in sync like they use to

 

[Spectre2007]

broken 48 short. 4 point drop till next support.

 

[Spectre2007]

Negative confirmations

1) below OR
2) overseas in the red
3) double test of bottom edge of OR
4) yesterdays low broken
5) next support at 44 on futures.

No positive confirmations except long term trend. And previous session buy orders on the close.

 

[JimmyJam]

Quote from BoyBrutus:

YM is leading this move. Looks like a pennant on the NQ and ES. Watch for the breakout.

Volume indicates a more downside bias

Edit: The Emini's just dont move in sync like they use to

That's a good thing man, it means there's always a party somewhere.

JJ

 

[Spectre2007]

new tick lows currently

 

[Spectre2007]

no follow through on yesterdays low being broken. Would have expected a larger drop.

 

[OldTrader]

Quote from Buy1Sell2:

Looking for the next long signal to buy back in. Ignoring short signals.

Nice trade, excellent patience.

OldTrader

 

[JimmyJam]

Quote from Spectre2007:

no follow through on yesterdays low being broken. Would have expected a larger drop.

There's just not a whole lotta fear in the markets (as measured by the VXO), so my guess would be that if it holds, it goes up from here.

JJ

 

[Spectre2007]

be on alert for afternoon bull attempt.