Pek, is ES still within your dragon failure zone?
NQ gap fill on its way!
NQ gap fill on its way!
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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It seems that this bounce still has steam to run. Minimum target: 858~860.
I was asking myself the same question...
Since the height was 70 points and the failure can occur AROUND half of that from the 2nd bottom, that would be 812+35= 847 on the cash. Let's give it 5-5 points in both ways, that gives us a 842-52 failure zone on the cash.
Looks like we are still in it, although we successfully passed the SMA line on the daily, so I tend to think based on that, that no failure will occur...
Since the height was 70 points and the failure can occur AROUND half of that from the 2nd bottom, that would be 812+35= 847 on the cash. Let's give it 5-5 points in both ways, that gives us a 842-52 failure zone on the cash.
Looks like we are still in it, although we successfully passed the SMA line on the daily, so I tend to think based on that, that no failure will occur...
NQ gap filled, next target is that swing high.
looks like all the shorts have suddenly scurried back to their rat holes, at least for the time being....
Im looking to open up a new long position on any weakness.
875 is a given at this point and thats just 25 pts away from 900 which is basically a given too.We'll see how soon and fast we get there.
Im looking to open up a new long position on any weakness.
875 is a given at this point and thats just 25 pts away from 900 which is basically a given too.We'll see how soon and fast we get there.
Buy 100.000 contracts before Friday´s nonfarm payroll numbers. I know old news...
For the day to turn lower, VWAP at 844 at the moment will have to be taken out decisively.
The gap that is not closed today can be important later in the day if a down move has materialized.
The gap that is not closed today can be important later in the day if a down move has materialized.
Opening range top at 44.5
Holding right there
Holding right there
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