ES Journal Archive (2009 - 2010)

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Quote from smilingsynic:

If Monday is sharply down, Tuesday has a noticeable upward bias (greater than any other day of the week). So says a study published this month in ACTIVE TRADER.


The only problem is they are using closing price for the data and as a daytrader I could care less where it closes as long as I capitalize on the long trade that materializes during the previous night or intraday down move.
 
Quote from smilingsynic:

If Monday is sharply down, Tuesday has a noticeable upward bias (greater than any other day of the week). So says a study published this month in ACTIVE TRADER.

Not read it yet.

One thing important then is to break down the criteria to see which part is the dominant driving factor,

1. sharply down
2. tuesday
 
Quote from JSSPMK:

Buy1Sell2, would like to hear your view on which support zone brake would turn you back to bearish stance? TY!

a break to the 850 area would get me bearish again from a medium term stance. Mind you, long term I am already (still) bearish and I am looking for the right place to sell. :)
 
Trend is up while momentum is stalling and looks like it wants to move downward.

S1 is at 988, lets see if the market makes it down there for a refuel.

Good trading
 
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