ES Journal Archive (2006 - 2008)

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Support & Resistance Table for Wednesday, November 12

Support And Resistance Table for Wednesday, November 12

Resist/
Support
S&P 500 Cash

R4 1000/1007

R3 990

R2 947

R1 917


PP, VAH 901

Previous CLOSE 898.95

POC 889.5


S1 875

S2 857

S3 812

S4 767
 
Quote from Lawrence Chan:

Talking about the same daily IHS discussed for the week already :)

Since it is based on line chart, I suppose we can free fall all the way, as long as the ES travel back to 880 or higher by close the bull defenders' mission is accomplished ...
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I see it now. So it looks like today is make or break for it. The one on cash has failed though or we are going to make a lower right shoulder. I usually don't look at patterns long term on es due to change in premium over time that can cause distortion.
 
11-12-08 08:28 AM

11-12-08 08:03 AM

11-11-08 08:27 PM

Short 901.50

Initial stop 932.50
Buy stop lowered to 926.00
Buy stop lowered to 893.00
Out at 879.50 for 22 point gain per

Looking for the next short
 
Quote from Pekelo:

No. We filled the downgap yesterday. But so far it looks like an SDD in the works...
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We didn't fill that gap completely, did we? Think the gap was at 21.5 and we only got to 17.
 
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