ES Journal Archive (2009 - 2010)

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Quote from iloveoptions:

Dumped half of my long hedge near 767 as expected. Looking forward for some volatility in the next 3hours. Still short 1 position from 699.25. :) 771.25 -780 before the day is over is highly likely.

Dumping another 30% of my long hedge and still holding the 699.25 short.
 
Good little leprechauns! Happy St P day all.


Quote from startraitor:

There is that 755, now 739 or 777 (unrelated), natural pull is 777, st p day+t day + pre-fed day=wt+td+pf day. Off to the pub now that is official.
 
Quote from ASusilovic:

240 min SMA 752.75. Resistance 758.25 / 771.50 / 789.00. Support 739.00 / 726.75 / 708.00. [/QUOTE]


Quote from ASusilovic:

758.25 resistance works. How long ?:confused:

What has been resistance becomes support. :)
 
Market has now traced 1/3 of the downmove from 1000 area gap SPX (1005) to recent SPX low of 666.67.

If the market now goes back to 1000 from the recent low, it will be pretty darn close to an exact 50% move (666.67+ 333.33.

Weekly PP is 726.50 ES, and monthly PP is 776.25.

770's is resistance one. We're there.

Today was an outside day with an outside and up close. The next day after such a move tends to be bearish.

Longer term, 810-820 area SPX is the bottom of the opening range for the calendar year. There is also an open SPX gap there. This is resistance two.
 
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