ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from startraitor:

Look at Friday's price action. You will see signifigant swing lows 55-58, that resulted in explosive upside price. Additionally there was very little relative momentum on the downside proceeding the test of this area and breaking the intraday low. There was additional price winds in this area going back several weeks. Lots of factors.
More...

Interesting. Thanks for explaining yourself. I'll take a look at it. TY.
 
The daily chart suddenly started to look bearish, even with this late afternoon rally. We finally closed below the SMA line and it looks like we just had an SMA bounce from below, which would indicate more down....
 
Quote from startraitor:

Look at Friday's price action. You will see signifigant swing lows 55-58, that resulted in explosive upside price. Additionally there was very little relative momentum on the downside proceeding the test of this area and breaking the intraday low. There was additional price winds in this area going back several weeks. Lots of factors.
More...
Thanks for sharing the info.

Can you define "price wind"?
 
Probably, although the difference is so small between the contracts that it doesn't cause missunderstanding. We have a backwardation in ES just like in gold and oil!

In unreleated news, I have a target for next year's low. It is around 600. I have been thinking of this number for a few days now and John Maulding got the same target, so I guess I will stick to it...
 
Quote from Pekelo:

Probably, although the difference is so small between the contracts that it doesn't cause missunderstanding. We have a backwardation in ES just like in gold and oil!

In unreleated news, I have a target for next year's low. It is around 600. I have been thinking of this number for a few days now and John Maulding got the same target, so I guess I will stick to it...
More...


Yes.
And, the low most likely made in Jan/Feb
 
Status
Not open for further replies.
Back
Top