i'm looking for a retest of the 1540 area on monday
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Quote from saliva:
So, r u still floating on cloud 9?
lol, have a great weekend everyone. The sun is still out, market will be sellside biased as the winter approaches.
lot of big time funds got screwed with the bernie decision, for all you know the government can be trading against you if your sellside biased.
maybe they front ran their own decision,
=)
either way, the hedgefunds will wither it down, to have Bernie cut rates again.
right now its looking like the rate cut was a one time event, so the bond market is backing up in price, yields coming down.
maybe they front ran their own decision,
=)
either way, the hedgefunds will wither it down, to have Bernie cut rates again.
right now its looking like the rate cut was a one time event, so the bond market is backing up in price, yields coming down.
Friday was an inside day on the price action on the es with the ym testing and failing of a high. Looking for a downside test of 13666 on the ym on the downside from here. Will trade it to the short side based on intermediete price action. Will still consider price action caught in fed day move until a breaking the lows of the day or 100% retrace.
actually it was not an inside day unfortunately.....as we took out thurdays hi by 1.25.....42.25/43.50...as i was patiently awaiting confirmation of just that...inside/outside day.
maintaining my shorts here + the lo risk add on @ 40.75.
looking for a gap down to 30 by the open.....then a move down to 24/26 where i`ll expect a reaction....as mondays are usually the least predictable day of the week,imo.......that`s my monday synopsis ,fwiw.
saliva.....on that break of 37.25 active lo, i wanted to see a break of 4 to 5 tics......36.75 still constitutes 37.....as that was exactly where buyers stepped up as that was a reaction point.
I thought that the market historically tends to go up in the winter (November through April), as the proverbial market bears hibernate. Isn't it May, and then go away?
As for the short-term market action, a strong rise followed by a several days of high and tight consolidation in the form of an upside down L is a bullish formation. So far the market has done a good job holding onto its gains. I'll therefore be looking for a place to buy early in the week, hoping to unload 50 points above the low in about 3-5 days.
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