will start buying @ 1490.
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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intermediate term support is at 1460
Quote from princessa:
i know everybody's already patting you on the back, but i just have to say it:
GREAT JOB, A!!!!!!!!
You can never get enough in this business, thanks
Its getting late and thought I would post my plan for tomorrow.
Market is still impulsing to the upside, therefore higher level trend still remains up. We are starting to get near some nice zones that I have been patiently waiting for the past few weeks. Looking for a continuation to the downside in the morning. I would like to see it get down to one of the zones before getting aggressive on the long side. The only wild card is the data being released in the am which could cause this bottom to hold.
Here are the zones:
Support
1488.50-1490.50 (only if 1505 is not taken out before reaching zone)
1484-1486
1470.50-1473 The cream of the crop
The 2 last support zones have a high probability of getting a move to retest the may 9th highs and then continue to all time highs. I suggest marking them on your higher level charts.
Resistance
Minor R 1504-1505.50
1507.25-1509
1511-1512
Here is the visualization...
The index futures are my main instruments but I am very active in the currency futures as well. I will occassionaly take a stock or commodity for a longer term play. A goal of mine is to get a portofolio of futures and stocks for swing and position trades but there is only so much you can do while trying to keep your life in balance... I work too much as it is.
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