ES Journal Archive (2009 - 2010)

[kinggyppo]

GS news



http://247wallst.com/2009/10/13/meredith-whitney-dumps-goldman-sachs-ahead-of-earnings-gs/

 

[MandelbrotSet]

Quote from kinggyppo:

GS news



http://247wallst.com/2009/10/13/meredith-whitney-dumps-goldman-sachs-ahead-of-earnings-gs/

That's old news and most likely factored into the price at this point.

***

For today's action, price is currently sitting on the Pivot Point @ 1072.

R1 is 1076 and S1 is 1067.

Moving outside of that range means strong conviction is coming into the market, otherwise, that's what we're looking at ... maybe Buy1Sell2 will get lucky today, too.

 

[vmaxer]

Quote from vmaxer:

Even better if we gap down tomorrow for island reversal and have a 30 pt selloff. I figure it's options expiry week so 40 something should be touched.

:eek:

 

[volente_00]

Quote from vmaxer:

:eek:

Or just a gap fill to Friday's close before DEMTDAYBOYZ drop in.


Lot of support at 68-71 cash

 

[Pekelo]

There is no unfilled gap from yesterday. 0.14 point is not a gap. The closest open gap is from last Wendesday's close, around 1057.5 cash...

 

[vmaxer]

yeah, I'm looking to close my SPY puts at 1054 (i scaled in 3 times at 1055, 1065, and 1075). Already back to the green here at 1065. I don't expect it to go below 1048.50.

Similar to what Pekelo was talking about, the past week looks like a hills/mountain pattern (Suri) which calls for 1048.50 before shooting up to close to 1100.

 

[fseitun]

Am I having bad data or did the DAX and EUROSTOXX 50 just take a nose dive 10mins ago? Dax dropped like 60pts in 2mins.

 

[wave]

Taking it back to where they started shorting. Careful for a pop at 1050.

 

[volente_00]

68 50%

 

[vmaxer]

on the way up at 1030AM there was 2500 SPY 108 puts bought at 1.55. This was just before the spike to 67 so the bar is red but really its buying pressure and has been a good sign of upcoming move. 67 was 50% for today, not 68.