ES Journal Archive (2009 - 2010)

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Decent H&S formation lurking on 4 hour chart - right shoulder being formed here but it needs to hang out for a while (time wise not really price) to broaden out the right shoulder so that it matches the left.

Uncanny squeeze this morning.
 
Quote from volente_00:

shoulder was at 94,
8 points down in ah is a dead zone to you ?


Actually history shows sideways to run up into the meeting.
After that is a crapshoot.
Crystal ball says best case for the bulls today is 1007 cash, then look out below.
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I don't want to sound too witty, but don' t forget that Wall Street is planning to give you most pain possible. After yesterdays sell-off and reading today's bearish headlines, another short squeeze would be an appropriate "Goldman Sachs" herd led "answer"...just my 6 cents...
 
Quote from Decel:

Short 1003.

Caught in the melt-up on the NQ, and was initially tempted to go long ES @ 991. I need to find a way to re-wire my brain.
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Closed @ 1004.75 (-1.75)
 
Hi ... I see this one .... If market is holding 1005/1007 we have a good chance to get a confirmation for a SHS top-formation .... CONFIRMED : below 990 ... with potential dn to 965 with support 980 between these two levels .....

Kind regards. Mike
 

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Quote from piranhaxp:

Hi ... I see this one .... If market is holding 1005/1007 we have a good chance to get a confirmation for a SHS top-formation .... CONFIRMED : below 990 ... with potential dn to 965 with support 980 between these two levels .....

Kind regards. Mike
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Problem is that this is fed day.

If price is locked up here, it is easy to break the month high with the shock from the fed announcement.
 
The shoot up today totally makes sense. With all the correction talk going on in the media, I'm not surprised we're rallying today. That has been the play for over a month now. If you're planing to short, look to start around 12pm. As of now, every ask is being hit w a bid.

I believe this is a run-up for the feds as well, after they tell their tale, we'll truly know where this old hag wants to go.
 
Urgh, re-shorted @ 1005.25, but damn this 1pt wiggle.

Can't they go visit VWAP/PP near the 998 range or something? :mad: Or at least chop in a greater range so I can play it?
 
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