ES Journal Archive (2006 - 2008)

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If this daily is to remain in an uptrend would expect some MMs buying to come in at the 90-95 level.

Obviously the top of the ascending triangle at 92 should provide some decent support.

Was hoping 98 would hold but financials have not provided any lift this morning.
They have blasted it lower than 98 but only 4 pts lower could be stop run before we head higher.

I did see some decent accumulation coming in near 10.30 time so lets see if we can make a run for the gap here.
If not then 90 here we come.

Lets see if financials can gain some ground here.
 
XLF down over 5.5%.
Recently 21 has been very important to the whole market, more so than ES levels in my opinion. Current low is 21.02, something to keep an eye on now that oil is a little quieter.
 
Quote from vertigo3:

what do you mean, "Where is everyone?"

you're out of the loop, millionaire.

we're all at B1S2's party celebrating his trade from yesterday.
More...
b1 ,thanks for the invite,had a great time,volente your a party animal
 
I'm strongly considering placing a "set-it-and-forget-it" day trade tomorrow to get long ES. Lots of support confluence at 1281-1284.

Potential order (will evaluate in the morning and post if I place it) : Long 1283.00 Stop 1280.00 Target 1298.00
 
So does the 2nd day gap rule apply today.

Just watching Crude and its starting to approach the very strong support at 110-111. This also coincides nicely with the 200 day moving average.

On the 60min QM chart I'm seeing a little bit of wedge action taking place - will be interesting to see what happens coming into report today at 10.35.

If crude turns or bounces of these levels next few days we most likely will see further breakdown in Equities.
 
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