Data at 10, lead to the retest of 905-906.
I thought data is no longer important these days
ES Journal Archive (2006 - 2008)
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Data at 10, lead to the retest of 905-906.
I thought data is no longer important these days
main system says short here
auxilary system follows
auxilary system follows
60m ES indicate turn down:
- up trendline violated
- broken down from big triangle
- MACD kiss down ( second kiss after yesterdays'); however MACD is still above zero so this could still be a pullback and then rally with MACD line crossing above MACD average, all above zero
- momentum oscillator down, in absolute terms and also divergence (lower tops in bottom panel); note that oscillator is not below zero as yet, hence possibility of this being a pullback in price and momentum, then rally again with momentum staying above zero and then rallying
- Hull average turned down - blue to magenta - see last bar
So, still not solidly down - slight possibility of this being a pullback in a ST uptrend. A break below 892/3 will signal down move is for real.
- up trendline violated
- broken down from big triangle
- MACD kiss down ( second kiss after yesterdays'); however MACD is still above zero so this could still be a pullback and then rally with MACD line crossing above MACD average, all above zero
- momentum oscillator down, in absolute terms and also divergence (lower tops in bottom panel); note that oscillator is not below zero as yet, hence possibility of this being a pullback in price and momentum, then rally again with momentum staying above zero and then rallying
- Hull average turned down - blue to magenta - see last bar
So, still not solidly down - slight possibility of this being a pullback in a ST uptrend. A break below 892/3 will signal down move is for real.
If T day crew is lucky then 914 is max upside, problem is that will put in a right shoulder on daily cash.
865 - 880 coming to a dom near you
options interest points to ~880 min
865 - 880 coming to a dom near you
options interest points to ~880 min
should head back to 07.25+
FWIW: Briefing.com's tech view:
As noted in The Technical Take the S&P needed to take out 913 in order to neutralize the pattern off yesterday's high. It hit 910 off the open and has recently dropped to a new low of 903 in recent trade. A minor support is at 898 with a secondary barrier at 895. The more important floor is at 885/884.
As noted in The Technical Take the S&P needed to take out 913 in order to neutralize the pattern off yesterday's high. It hit 910 off the open and has recently dropped to a new low of 903 in recent trade. A minor support is at 898 with a secondary barrier at 895. The more important floor is at 885/884.
10:30 crew represent
True. We had a intraday asc. triangle about 6 days ago and after 5 unsuccessful attempts to break to the upside it eventually went down, this could happen with the 918-920 line, we already had 4 tries I think....
Today so far looks like the consolidation continuing, remember bigger the rally, more consolidation is needed...
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