There will be a headwind at 61.25. But should we close above that level, we could be off to the races. My lofty target lies at 895-ish. (Just don't count on it.)Quote from saliva:
If the current 5-minute candle closes above 858.25, then the tide might have just changed.
( I ain't sure if that should be read as a present or future tense.
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ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Not around looking at ES today.
Just a note that down gap with down side breakout since 10:00 am.
Potential trend sell day as long as 61-62 area is not breached.
Real sell off, however, may not materialize until after 2 pm.
Just a note that down gap with down side breakout since 10:00 am.
Potential trend sell day as long as 61-62 area is not breached.
Real sell off, however, may not materialize until after 2 pm.
If shut out at 59 is real, then a normal range day of about 20+ pts implies target at or below 39.
Quote from Pekelo:
Maybe being in an uptrend since 800 has something to do with it... Just a guess...
By the way today is an SDD...
Maybe that's part of the reason.
Generally I find it's difficulty to short slow markets overall even though the trend is down. Maybe that's a problem related to my style of trading. I definitely has more work to do.
exited last 50, previous exit 57.75 not posted, could be a bounce here.
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