ES Journal Archive (2009 - 2010)

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Interestingmonos, if we close Daily as it is or a tad lower that ought to send shievers down the spines of longs as it would register a failure swing :eek:
 
Transports right back to the bottom trendline on the daily. Watching for a break. May not initially register in the SPX but should if it holds and could be good for a larger move down.
 
Quote from tommymoose:


855 is the line in the sand. If that breaks, we test 870. I'll keep trading from the short side til that breaks because thats where the R/R is in this zone, but I think spooz might be right and this market charges higher before rolling over again. A 38.2% retrace of the whole swing bringing us to to S&P 1000 seems possible.

This could be it... nice reaction at 855... one of the characteristics almost required of a medium-term top.
 
anyone else seeing a lower high in the sp500 and the dow and diminishing returns in both and an ascending wedge/bear pennant.


can anyone come back with a response about what I am seeing, I think I see the end of the bull run in.

edited for grammar
 
Quote from angel_king:

...I think I see that the end of the bull run

I see a near end of a current bullish oscillation, whether that would end the overall rally I don't know
 
Quote from JSSPMK:

I think it's a good entry mon ami

The difficulty lies in the exit now... But so far NQ shows strength, potential BO. And my longer term bias is bullish.
 
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