exit 62, agreed with b1, 12:30 close is critical, one more test of mid 50's and strong pa before than could good reversal, watchin pa off 54, strong close below and looking for low 40's.
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
Smart money.
54-56.25 is pa support from yesterday, high probability of multiple point retracent baring news driven context.
Not watching in the afternoon ...
1. 57-58 is critical. If we break lower to 50 and bounce above 58, long side wins.
2. The top this morning is the lowest level for daily chart continuation sell. A drop from that on daily level can point to much lower prices.
3. Those who want the market to hold up will try their best to make #1 happen.
Good trading to all!
1. 57-58 is critical. If we break lower to 50 and bounce above 58, long side wins.
2. The top this morning is the lowest level for daily chart continuation sell. A drop from that on daily level can point to much lower prices.
3. Those who want the market to hold up will try their best to make #1 happen.
Good trading to all!
I agree, to a certain extent , with above. I think this zone 950 to 960 is one of strong support and must hold or else ES goes down all the way to 920, then who know from there....
But, this pull back could be very beneficial for the bullish case, in that ES can build a base here - 950 to 960 - and then resume rally.
I still think the action so far today is as they say ' constructive' for the bullish case. If 950 goes then the bears take control.
- Status