ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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seeing as this is somewhat an educational thread anyone can spare a min to tell me what SDD stands for?
I don't know but I can tell you about a couple of stds! Something down day, I think.
I think ES closes at 895 or lower today
FWIW: SPX tech stuff below
Market View: Stock indices pull back near morning lows (914 -19) -Update-
Noted in the 10:03 update that the S&P held near its 50 ema but that patterns suggested a limited bounce and new lows and then a larger recovery. At 11:09 suggested the larger recovery looked in the works but its would be temporary. The S&P slightly breached intraday resistance mentioned at 919 (hit 920) and in recent trade has pulled back near the morning low (912.80). A sustained breach of 917 and the 920 area is needed to allow for further upside corrective action but it would still be viewed as a temporary pause. Initial support below is in the 910/908 area followed by 905/904.
FWIW: SPX tech stuff below
Market View: Stock indices pull back near morning lows (914 -19) -Update-
Noted in the 10:03 update that the S&P held near its 50 ema but that patterns suggested a limited bounce and new lows and then a larger recovery. At 11:09 suggested the larger recovery looked in the works but its would be temporary. The S&P slightly breached intraday resistance mentioned at 919 (hit 920) and in recent trade has pulled back near the morning low (912.80). A sustained breach of 917 and the 920 area is needed to allow for further upside corrective action but it would still be viewed as a temporary pause. Initial support below is in the 910/908 area followed by 905/904.
No, we are right on schedule. Watch the action around 2 pm. Rule:
IF there is a new LOD after 2 pm, get short and stay short until at least 3:30.
Strange thing happened when I typed "SDD timeline" into the search field (for those who asked):
http://elitetrader.com/vb/showthread.php?s=&threadid=144694&highlight=sdd+timeline
According to Pek's dragon pattern, the key moment is probably now.
i.e. double bottom failure at 14-16 area.
i.e. double bottom failure at 14-16 area.
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