ES Journal Archive (2006 - 2008)

[rock34748]

L 64.75
stop 61.5
not confident

out 67.0

EDIT.. Ignore for integrity purposes I didn't edit properly. Thought it time stamped.

 

[smilingsynic]

872-873 zone is resistance.

Not long ES for intraday trade, but long for a longer-term position.

 

[Lawrence Chan]

Pek's SDD could be in the making ...

 

[smilingsynic]

Quote from Lawrence Chan:

Pek's SDD could be in the making ...

Not convinced that it is a SDD day. No gap down, but opened near Friday's close.

Bottom fishers--reverse head and shoulders in 865-66 zone.

 

[Lawrence Chan]

Quote from smilingsynic:

Not convinced that it is a SDD day. No gap down, but opened near Friday's close.

Bottom fishers--reverse head and shoulders in 865-66 zone.

Need to see 12:00 time slot to see how far the bounce back up will go ...

Always time to buy after pivot is taken out

Edit: Need Pek here to confirm his view ...

 

[smilingsynic]

Quote from Lawrence Chan:



Always time to buy after pivot is taken out

Yep.

The pivot and the opening range low are both in the same area, which now serves as resistance. If price jumps over that zone, that zone should serve as support.

 

[volente_00]

Quote from smilingsynic:

865.75 is 20 points off of day's high.

Depends on when you start your day.

 

[smilingsynic]

Quote from volente_00:

Depends on when you start your day.

How 'bout lunchtime?

863.50 to 873.75.

EDIT: Overnight, the high was 893.

 

[Lawrence Chan]

Volume extremely light ...

 

[Jahajee]

Basically comes down to which it will break : above 873 or below 861

If it hangs around LOD by 3 pm then as we know
most likely will go down further during last hour

But no conviction so far as if traders are waiting for FED tomorrow.