ES Journal Archive (2006 - 2008)

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59.75-69 almost 10 pts :)

Almost all RTH (15/30/hourly/4 hr) moving averages are taken out and staying below the current price level.

For the market to go much lower, some serious bearish divergence must be developed first before we will see any meaningful down side move.

It seems the easier way to go is to buy dips along the way ...
 
adp monthly employment numbers, better than expected.

Quote from vertigo3:

off topic

near 8:15, usd/jpy shot up same with ES

did anyone out there see any news item that coincided with the beginning of the lift?

ty
More...
 
The 13 period standard deviation is 4%. Wicked high volatility; from the beginning of this move I measure 4% at 1280.94 is where sellers will likely try fading attempting to revert to the mean.

Grab it all there, because this right here is a crazy market.
 
They skipped all averages. Last time is market very "honest" and they need to be taken in open front attack. Not speaking about second gap.

I believe the moving averages will be tested from upper side. Today or tomorow - not important. Time to look on good shorrt.
 
NQ skipped 200 period EMA. Big NO NO in bear market. There is no doubt that they will return to it - question is just when and from what point.

But it looks tested at 10:00
 
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