ES Journal Archive (2006 - 2008)

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Quote from Anna K.:

looks very bearish, broke through 50 ema line


do you agree?
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"They" tried hard to keep this month from closing below, but once it looked like they were failing there was no point in trying anymore. It could be a head fake, but based on the past it does not bode well.

As to the VIX, it is not showing any real fear here.
 
Quote from opt789:

"They" tried hard to keep this month from closing below, but once it looked like they were failing there was no point in trying anymore. It could be a head fake, but based on the past it does not bode well.

As to the VIX, it is not showing any real fear here.
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I think the 20 SMA fits the monthly better.

OldTrader
 
Quote from OldTrader:

I think the 20 SMA fits the monthly better.

OldTrader
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I agree completely. I watch that as well, but I was looking for more of a line in the sand that they did not want it to close below. When we broke the 20 we were still just in a trading range, now we have the opportunity to break out.
 
Quote from spidey:

True, but it is moving higher confirming the weakness
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Everyone is expecting the oversold bounce, and the probabilities are with them. However, with the VIX not showing any real fear today along with the expectations of a bounce there could be serious selling if that expectation is not fulfilled.
 
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