ES Journal Archive (2009 - 2010)

Status
Not open for further replies.
Quote from tommymoose:

Right shoulder of a potential IHS being put in on NQ right now at 1400. NQ has been leading this market, so a powerful move from here is possible and it will drag ES with it. Anythings possible, but I'm anticipating new highs on both before we have a meaningful roll-over. Setup void if 1395 is touched.
More...

NQ has not retraced at all from the melt up relative to what ES has done.

But it sold off from the mid pt of the 2 previous daily swing highs - one of the more powerful sell signal that stopped most bull runs.

If NQ close negative today, the sell signal will then be confirmed.

Isn't that funny we are watching how the bulls and bears are shaping the future 2 weeks right here, right now? =)
 
Quote from Lawrence Chan:

NQ has not retraced at all from the melt up relative to what ES has done.

But it sold off from the mid pt of the 2 previous daily swing highs - one of the more powerful sell signal that stopped most bull runs.

If NQ close negative today, the sell signal will then be confirmed.

Isn't that funny we are watching how the bulls and bears are shaping the future 2 weeks right here, right now? =)
More...

This IHS is nice bullish setup IMO... textbook, sharply reversing at the important support levels... this zone here is the important part though. If it can hold 1395-1400 and start to reverse we go higher
 

Attachments

Quote from tommymoose:

This IHS is nice bullish setup IMO... textbook, sharply reversing at the important support levels... this zone here is the important part though. If it can hold 1395-1400 and start to reverse we go higher
More...

We're not looking at the same thing but obviously ended with the same conclusion.

Potential for a nice up move. Let's see
 
Status
Not open for further replies.
Back
Top