ES Journal Archive (2009 - 2010)

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Looking good. Down trend starting to form on (NQ).

This can go to 1168.50 easy. Then consolidation.

Once/if Globex low gets taken out. It's a definite go. Some (S) here 1182-1184.
 
Quote from Lawrence Chan:

The outside up close can be further filtered whether they are taking out month/week high. The stats should be interesting.

There are other filters that I used when I did that study a while back. An outside day with an outside and up close after there has been a long decline is different than an outside day with an outside and up close after a short-term rally.

That said, an outside day with a down and outside close in a downtrend tends to be short-term bullish (the next day).
 
Previous day VWAP is 60-61

Previous day RTH 50% is 61-62

If we hold from here and take out PP at 66, new high is expected.

Edit: Not that I am bullish. Am short since PP broken and acted as resistance. =P
 
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