ES Journal Archive (2009 - 2010)

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First test of previous week close resulted in 14 pts sell off.

We are now sitting above the previous week close.

Next is test of previous week high.

Edit: If ES failed to hold here ... VWAP test again.
 
Quote from rida07:

Pretty solid base at 64.75.. i will probably close out if we breach..
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I think we rally into the close.. fewer traders will hold positions over the weekend.. longs have the upper hand.. i think they force the shorts hand and we rally significantly.. i have my target at 872.5..
 
Yeah we did that last week though - and the longs got their ass kicked monday. I'm with you - no indication of selling into the close but just saying we did that last week. Bulls have no short term memory though. 864.75 to 865 a wall but hasn't really been tested with significant volume yet.
 
Quote from riskymove:

Yeah we did that last week though - and the longs got their ass kicked monday. I'm with you - no indication of selling into the close but just saying we did that last week. Bulls have no short term memory though. 864.75 to 865 a wall but hasn't really been tested with significant volume yet.
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bulls will be out by end of day also.. sunday evening is brand new day..
 
Quote from rida07:

bulls will be out by end of day also.. sunday evening is brand new day..
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That would imply more buying than selling though and there is scant evidence of that at any time today other than right after the open and right after the stress tests were released.
 
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