There are at least two other reasons, in addition to S1 and 10 point off low.
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ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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There are at least two other reasons, in addition to S1 and 10 point off low.
one more, add long 65.75, stop 64
Quote from swing-scalper:
790-800 seems to be a good target for this rally to end. Wednesday is FOMC day. So Wednesday or Thursday seems to be a good time for this rally to end and the downside will resume again.
Pure speculation here.
The above quote was written on last Sunday. So far this speculation seems to be the case. Next week 740 is likely to be re-tested. If 740 holds well, then this rally will have another leg.
Again, pure speculation.
Quote from sttrader:
The Fed is a joke. Hope HR1207 passes. They are the ones that got us into the mess we're in and will be the ones responsible for the inflation that will follow in the years ahead.
Ramp up today, short above 790. Target 770.
Was traveling....late post. Last position out at 770.
Quote from sttrader:
will scale out half at 80, a quarter at 75 and the remainder at 70 depending on the tape when we get to 70. might hold one and let it run but never know....might ramp up above 800. anything is possible on these fomc days.
Was traveling....late post. Last position out at 770.
long 774, target 830, stop 724
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