ES Journal Archive (2009 - 2010)

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This could be a bull trap but all timeframes up to the daily are setting up for a strong up move.

I rarely do this but if the market keeps acting bullish until the close I may keep my runner overnight.
 
Quote from Lawrence Chan:

This type of momentum usually good for a run of 3 to 4 days. A pull back to tomorrow's PP or today's 50%, which ever higher, is very common.

For a sell off of larger scale, that points to Thursday afternoon the earliest, or the Monday right after.

Now.
 
Quote from lurefo:

This could be a bull trap but all timeframes up to the daily are setting up for a strong up move.

I rarely do this but if the market keeps acting bullish until the close I may keep my runner overnight.


Just looks like a large consolidation triangle to me. I doubt it will resolve by tomorrow. MAYBE I can see a move to 940 by the end of next week. We have 2 reversal areas left for the bears, one is now, 908, the other is under 920.
 
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