ES Journal Archive (2006 - 2008)

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Here's what I am seeing:

1. If VIX > 31.14, liquidate longs
2. If ES < 1300, then retest of overnight lows is probable.
3. Gap from Friday's close was ALMOST filled, but not quite.
4. Resistance is 1324 and 1334.\
5. Look out for Wyckoff upthrust at 1324.

Sick with stomach flu for three days. No positions in ES. Will liquidate verticals bought on Friday weakness if/when rally fails as indicate by conditions above.

Good luck to all.
 
Last comment here as I am done for today. One of the trader blogs I read says to look at the market " as guilty until proven innocent". This is a good way of saying that your bias should be bearish until price shows you otherwise. Each trader has to decide where that is. Good trading. :)
 
closing out half if it breaks above 1313

this move should be swift and not take out prior highs... so reducing risk when I could be wrong.
 
Short 1314.50 off TL + 5 min

stop near 1317

Scaled out +4

It would be an absolute classic if this thing rolls over now and takes out new hopefuls banking on rate cut

C'MON!!!! Crush the hopefuls :)

1/3 +8 as 2 min starting to look like a poss bounce
 
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