ES Journal Archive (2006 - 2008)

[startraitor]

1313 is support for today.

 

[Lawrence Chan]

Support would not come from ES today.

Dow and NQ must hold their previous swing lows in daily chart.

 

[iloveoptions]

Quote from iloveoptions:

Will be trading September from this point. Long 1328.5/ Stop 1305

Adding equal position at 1317.75/Stop at 1305 on both positions.

 

[wiesman02]

The last big leg down was 70 ES. Twice that happened. So a measured move should take us down to the 1300 level. I'm assuming if we hit, which probably won't be today, you should see some decent support.

Then again, MANY will be looking for that area to buy, so probably 1303-1306 or so would be the closest it gets.

 

[spidey]

1317.50 is rth support for now, next is 1306 area

 

[tommymoose]

Quote from wiesman02:

The last big leg down was 70 ES. Twice that happened. So a measured move should take us down to the 1300 level. I'm assuming if we hit, which probably won't be today, you should see some decent support.

Then again, MANY will be looking for that area to buy, so probably 1303-1306 or so would be the closest it gets.

I agree, very strong support at 1300... lots of confluence

BTW short 1939.50 stop 1940.75... target 1933 or 1928 I haven't decided

... stopped

 

[OldTrader]

Quote from Arnie:

I'm too lazy too look, where is support for ES?

"Too lazy" is a great way to lose your money.

That said, there is no chart support until much lower levels. Maybe you're talking about some of these things that are calculations off the pivot. I don't look at those.

OldTrader

EDIT: By the way, on a day with 5-1 A/D on the downside, getting a rally going is a big struggle.

 

[Anna K.]

ESU8: long 1320, stop 1320.5

 

[OldTrader]

Quote from Anna K.:

ESU8: long 1320, stop 1320.5

Hey Anna, you got your stop above your buy.

OldTrader

 

[iloveoptions]

Double the pleasure double the fun, she buys two ES's instead of one.