ES Journal Archive (2009 - 2010)

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Quote from lurefo:

I think we're going to test yesterdays close/high as long we stay above 910 - where my stop is. Let's see.
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Done - that's close enough from the target for me.

Have a good weekend all.
 
Quote from Pekelo:

Here is my take what's going on (SPX):

Tomorrow we pull back to 910 SMA, from where we bounce. Next week we make up to 930ish where we make the right shoulder of the May left shoulder and June head. From there we go down.....
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We didn't even touch the SMA line, the pullback stopped at 913 (SPX) then the slow creeping upward continued, as expected, currently at 921.

930 looks like a given next week....

Edit: We closed pretty much a doji 919, which is consolidation after yesterday's rally.
 
Sure looks like it's headed to 930. Heavy resistance there - swing high (May 7th), congestion from 930-950 (June 1st to 12th) and 930 is the 61.8% retrace of the recent downmove from 956. I have to think it drops significantly from there (<850) that but trying not to be biased.

Have a good weekend everyone!
 

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