ES Journal Archive (2006 - 2008)

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The attempt to fill gap is indicated from the weaknesses in USD across all currencies. That predicted that money is flowing out of all USD based asset classes at the market open.

At 90-92, as wave indicated, can be the point where the short side will give up. :)
 
imagine if oil prices dip below $100....

that will be like fuel pouring into an empty gas tank.like jet fuel going into an empty tank.

100 to 150+ points for the ES minimum
 
Quote from tommymoose:

1299-1303... very nice zone. If you're a believer that we're done with this bear market bounce, this is a great place to get short with a small stop. Market could definitely keep going higher (1320-1330) but this zone is too nice to pass up to look for huge potential downside with a stop of a few points. I didn't like the zone quite as much a few days ago, but the smaller structure of this little rally is adding lot of confluence to it. The direction also jives with what I've seen and what JSS has been pointing out about the histo divergence hinting towards rolling over soon.
http://elitetrader.com/vb/attachment.php?s=&postid=2038886
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.... nice zone
 
Gap fill completed. :D

NQ could be confirming daily level lower high sell setup now if top of the consolidation not holding up.

Still range bound play in the major support/resistance level until early Oct. :)
 
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