ES Journal Archive (2009 - 2010)

[Buy1Sell2]

Quote from opt789:

The last you posted you were looking to go long again. Mind expanding on what you think has changed, and why the really tight stop?
I see divergence in the daily but don’t know if that has anything to do with it.

Short term reversal play. If wrong I want to be out a little earlier. If we get a selloff I will still be looking to get long again.

 

[retaildaytrader]

Im expecting for it to fall through the trap door in the next day or two. I say 1012-1017 in the next 3 days if not tommorrow.

I was looking at the tape on Friday. The TLT busting out, VIX spiking, IWM weaker then the SPY all day closing in the red, etc. Exxon closing in the red was a big sign.

My target for the next two weeks is 980. At 980 there will be some support, but Im not certain if we pivot.

Quote from MandelbrotSet:

IMHO we're building a base (double bottom) for a move back p to 1038-1040 ES tomorrow.

Monday's market will, of course, set the tone, but I think that's what we are seeing.

 

[Kedwards]

Propping her up here at 1023. I'd say long @ 1024.50 is a good bet. On the short side though, 1020-1022 has tons of stops to run through there, fireworks in overnight, if she moves a little lower.

 

[Kedwards]

1022 RTH low from Friday. One more time?

 

[trackstar]

Quote from startraitor:

Deja Vu? Think longer term, June 4-11 on the daily. If so, come Monday, down down down. A 20 point gap would be a good short.

Scary aint it? I think we are due for 5 more days of consolidation though

 

[ammo]

h and s still forming in eur/usd , see if 1.4105 supp area holds(neckline)

 

[[Proximo]]

Anyone trading SPI?

It has been moving on its own the last little while, the damn thing won't go down.

Are things that good down under?

 

[[Proximo]]

Flat now. Nailed the top for a scalp. Then had to leave for a while. They have been relentlessly buying this thing up.

Someones gonna get hurt if bad news comes out or god forbid the US has a 3% down day.

 

[MandelbrotSet]

Quote from MandelbrotSet:

IMHO we're building a base (double bottom) for a move back p to 1038-1040 ES tomorrow.

Monday's market will, of course, set the tone, but I think that's what we are seeing.

L @ 1022
S @ 1018

 

[volente_00]

Quote from retaildaytrader:

Im expecting for it to fall through the trap door in the next day or two. I say 1012-1017 in the next 3 days if not tommorrow.

I was looking at the tape on Friday. The TLT busting out, VIX spiking, IWM weaker then the SPY all day closing in the red, etc. Exxon closing in the red was a big sign.

My target for the next two weeks is 980. At 980 there will be some support, but Im not certain if we pivot.

THEY are on your side.

Quote from volente_00:

Spy option interest indicates ~970 to ~1050 til sept expiration.