ES Journal Archive (2009 - 2010)

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Looks like some support from 1001 to 1002. Price will either bounce off support or break it to fall more.

Quote from oraclewizard77:

For those still holing short, I do see strong red sell volume right now.
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Bad news for shorts is I just saw the sign of the southern cross indicating possible reversal of previous short term trend.

Quote from oraclewizard77:

Looks like some support from 1001 to 1002. Price will either bounce off support or break it to fall more.
More...
 
were there any trend? shorts are betting on a break down from the range here..

Quote from oraclewizard77:

Bad news for shorts is I just saw the sign of the southern cross indicating possible reversal of previous short term trend.
More...
 
I guess it depends on your definition. On my short term chart there was a top around 1004.50 - 1004.75 and bottom at around 1002. Now this could be just a small short term range.

At price around 1003.75 - 1004, I got a signal to go short. Price did start trending down to the bottom of the range which was my target, trying to get around 2 points.

Confirmations that price will continue falling was massive red volume, and I could have gotten more than a point in profit.

Then on longer term chart, I got an indication called sign of southern cross that price did not want to fall anymore so it may just go back to top of this small range. Goal for me is usually to try to get around 2 points of profit, but I could see shorts hoping for 1002 to break to get 4 - 6 points of profit.

Quote from tstones:

were there any trend? shorts are betting on a break down from the range here..
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http://www.youtube.com/watch?v=C8IQc41Bt6g&feature=related

indicates one side being trapped by the sign and being ripped.

Quote from oraclewizard77:

I guess it depends on your definition. On my short term chart there was a top around 1004.50 - 1004.75 and bottom at around 1002. Now this could be just a small short term range.

At price around 1003.75 - 1004, I got a signal to go short. Price did start trending down to the bottom of the range which was my target, trying to get around 2 points.

Confirmations that price will continue falling was massive red volume, and I could have gotten more than a point in profit.

Then on longer term chart, I got an indication called sign of southern cross that price did not want to fall anymore so it may just go back to top of this small range. Goal for me is usually to try to get around 2 points of profit, but I could see shorts hoping for 1002 to break to get 4 - 6 points of profit.
More...
 
Wow it hung around 1000, then rallied near the end of the day. Totally shocking, who would have ever thought that would happen.

ES two weeks ago close was 1006, last week 1006.50, and we just traded 1006.25. Boy I think we need some Dramamine to handle all this crazy movement.
 
Quote from MandelbrotSet:

Long @ 1003.25
Stop @ 999.25
Target @ 1005.25

The afternoon may prove to be a little choppy, but I still think the market trades back up to R1.

Good Trading
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The market fit the pattern to a "T". :)

Trade taken off at 1005.25 on that huge spike.

Good trading
 
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