ES Journal Archive (2006 - 2008)

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Quote from Pekelo:

840 is the SMA line on the daily. As long as we stay above it, we are still in an uptrend....

Could you tell me what time period are you using for that SMA? Thanks
 
uvol/dvol comparison chart is dvol straight up,uvol flatline,indicates trend day down, Pek, whats your resume of the selloff time structure?
 
Quote from Jahajee:

I think may go as lows as 823 today. S2 at 867 may the upper limit for intraday rallies.
This might sound crazy but if we take the measured move from this morning, we're looking at 811. That would be a 80+ drop from Friday's close, and you thought there's less volatility as prices drop!
 
USD/JPY is poking its low many times already.

Daily points to 92 or lower for a proper test of its spike low of the year.

Should imply lower ES level ...
 
Quote from Lawrence Chan:

USD/JPY is poking its low many times already.

Daily points to 92 or lower for a proper test of its spike low of the year.

Should imply lower ES level ...
ES looks weak. However, volume ain't too impressive either. But LOD should be taken out on this 5-minute bar.
 
Quote from learner2:

Could you tell me what time period are you using for that SMA? Thanks

SMA 9. We could dip a bit below 840 but the closing should be above it for the uptrend to be intact:

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Quote from ammo:

adding to shorts here for scalp, 44 ledge on mp will not hold, 35-36 nip from tue next stop

You reminded me of that triple lower low swing in that area which resulted in the thrust to the current swing high.
 
...but, I don't think we make a new low with current move down.
May go as low as 790/800 and then rally to above 900 before the next move down.

Friday is JOBS report --- could be the catalyst for the move down that will make a new low.
 
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