ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

Process of price discovery.

Failed to take ES down below previous month high, so give up and try the other end.

A close of ES below 997 will confirm end of this rally. May or may not happen today.

Last hour is always difficult to read.

Remember that gap up at 1005 from yesterday. It's wearing a shirt with a target on the back. They're going to keep trying for it.

If it fails, look out below.
 
Quote from ASusilovic:

JPMorgan bidding 100 lots at 994.00

Quote from ASusilovic:

Cleared.

Aaaaaand ... they got their +10 even.

Edit: my mistake ... it only got to 03.75 (but still 35 minutes left to try and get that last tick).
 
Quote from smilingsynic:

Remember that gap up at 1005 from yesterday. It's wearing a shirt with a target on the back. They're going to keep trying for it.

If it fails, look out below.

VWAP next?
 
Quote from JSSPMK:

720m (1/2 Daily) again looking weaker after today.

I see pretty clear divergence between the market and the RSI, MACD on my hourly chart too.
I am short again – didn’t post realtime so doesn’t count – but I am now looking for a larger pullback of 5%+ to start by the end of the week. If not I will give up, but continue to sell options because the VIX is out of line if we continue the bull run.
 
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