ES Journal Archive (2006 - 2008)

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Quote from Blubaru_555:

is it me, or is this market extra choppy today?

After 25pts up move in less than 2,5hrs and right into a key resistance zone of 1383-1387.. this consolidation and choppiness is more than normal - it's necessary and quite a logical consequence. It could have gone all the way up to 1392.50-1396.50 area and it still has time to do so today.. we'll probably reach there by tomorrow, but this is just a quick observation, not thorough analysis, so I wouldn't trade this vision just yet.

In any case.. we have a clear expected breakout now.
 
Quote from JSSPMK:

Long 1382.5 off 1 gunning for either upside BO or H&S set-up

-0.5

re-entry

Scaled out +4.25

reversed 1385.5 off 5,3,2,1

Right shoulder complete? Hourly now looks early triple D, let's ride this bitch!

Scaled out +2.25

1360 target objective based on hourly D range
 
Today were very big moves in some other futures, for example EUR, SI, CG, CL NG those started mostly during European session. No wonder that market looks crazy a choppy. It can happen anything with indices.
If´somebody bought SI at 18 and has it still than I think return is nearly 100%.
 
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