ES Journal Archive (2009 - 2010)

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Quote from HooLee:

very true. thank you.

I watch T-bond and trade TLT often, the chart shows a reversal formation; Whether T-bond leads SPX or not is tricky, but the rally in T-bond raised the red flag in SPX, to say the least.
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I normally watch how RUT behaves relative to SPX (in % returns for the day as well as how far off they are from the daily highs). Thanks for the tip on TLT, I'll watch it more closely from now on.
 
Quote from tommymoose:

Anything could happen today... I'm watching the intraday H&S setup. Zones at 1197-1198 NQ and right here at 843-845 on ES
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It's been downright predictable for the last few days. A rally in the morning followed by a minor selloff in the afternoon.

It's okay to follow along as long as this market decided to stick its head in its ass and pretend like everything's just fine. Just be quick to chop off the damn head when it changes its mind. :D
 
Quote from tommymoose:

Short 1196.75 (seriously good fill)... stop at 1198.50... holding til EOD probably
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Will take 1188... limit order sitting
stop moved to BE +2 (1196.25)

Moved order to 1191.25... this market is effin crazy... just trying to clear stops all over. Less time in market = better.

damn... out 96.25
 
The 30-minute chart looks quite bullish. But I figure if we don't close above 850, there's still a high probability for another reversal to the downside.

...and now it's kicking up higher as expected. I think 850-ish will be the high of the day.
 
Quote from tommymoose:

Short ES 1145, stop 1146.25

BREAKDOWN!

40.50 first possible target
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Since I have no position at the moment, I feel like yacking to my heart's content. My crystal ball sez that the high is at or near 855-ish. But then again, it's been wrong on so many occasion, I wouldn't know what to tell ya. I'm sticking to a more conservative number at 850. :)
 
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