ES Journal Archive (2006 - 2008)

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Quote from Spectre2007:

the close was extremely positive, even though point wise, it didnt amount to much. Price action is indicating accumulation underneath.

when the 2:00 oclock time window passed without any move, would have expected a stronger downdraft to below 1450 to 1440 or lower, and it didn't materialize. When selling is expected and it doesn't materialize, its a good sign.

Towards the close, price was very resistant to move down. It seemed easier for the price to move up then down.

the tipoff was when yen blew the stops at 114.00, the ES didn't selloff as expected. The usd/yen recovered, and ES recovered even more, plus europeans are distant observers of US politics/finance, they interpreted the last US sessions political events as a rate cut is on the horizon.
 
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