ES Journal Archive (2006 - 2008)

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ineteresting to watch the 1343 level that b1s2 was watching as resistance act as a support now.


I still see an IHS but the right shoulder is a now lower and it is more drawn out to match the left side. If 42-43 holds, 1370 is next stop.
 
There is a "performance requirement" if the daily chart is going to look healthy - ES must stay at 1360 or higher before month end.

Otherwise, most daily level signals will head back down.

Tight schedule indeed for the bull party.
 
Watching what happens when the price gets down to that 1340-1342 area. If we get another local volume extreme bar on say 1-min chart there, I'd attempt for one more long with a ~3pt stop. In my view, they have to take out the stops below 1342-1343 in order to make it above 1358-1360, but we must stay above 1340 (a few spikes below it won't matter).

EDIT: bidding 1341.50 LMT with a small stop of -2.75 points. Current LOD at 1341.75

EDIT2: if they cant hold 1340, it's probable to reach 1331-1334 in no time.

EDIT3: they're holding the globex S1 - going long here at 1343.75, stop at 1341.50 (-2.25pts). Will re-enter above 1340 if stopped out on this one, but they might have just put in a bottom here.
 
Interesting.. I'm seeing the 1350-1351 still as the pivot area. 1350 is pre-market resistance today and 1351 is the globex pivot. If they take the price above that area, then there's another good probability move up to re-test 1358-1360.
 
pop or sink for bullys right here....need to hold 30min TL,fib,ma`s here @ 41/43 or sink to 20/22 confluence zone.

do or die......very important here.
 
Stopped out -2.25pts

EDIT more likely a fakeout here..
still, being conservative with longs and watching the price action at 1340-1342 here.. 1min/5min charts way bearish right now.

EDIT nah.. they're probably heading lower from here. Too much stalling at the 1340 area.
 
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