ES Journal Archive (2009 - 2010)

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Hmm ES bounced on the MA200, and seems oversold currently. However it can't bounce too high or risks invalidating the H&S.

Maybe bounce to the MA20's 915 region and drop back down?
 
Quote from Decel:

Hmm ES bounced on the MA200, and seems oversold currently. However it can't bounce too high or risks invalidating the H&S.

Maybe bounce to the MA20's 915 region and drop back down?

Hmmm is my sentiment too Decel :) A bounce to the SPX 915 region will be a 61.8% retrace of the recent downmove and will put it right at the MA's resistance and the overhead gap.

Trading wise I don't really care but with Sept. puts in place I would prefer just down!

Good trading!
 

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