ES Journal Archive (2009 - 2010)

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The 2 days doubletop just dropped enough to reach the Failure zone. If we Fail to fall and turn back, the 3rd top is 1073 cash...

Height is 7.5 pts....

Here is the visuals, it is still undecided if the Failure occurs or not...
 

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Quote from Pekelo:

The 2 days doubletop just dropped enough to reach the Failure zone. If we Fail to fall and turn back, the 3rd top is 1073 cash...

Height is 7.5 pts....

Here is the visuals, it is still undecided if the Failure occurs or not...
More...

nice catch. I was close to going long at 1062.25. H=8 on ES, target = 69.
 
Quote from Lawrence Chan:

Will limit the sell side potential then ...

Maybe gap fill to the downside is no longer allowed for ES.
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It will be IF enough critical contract mass is accumulated to feed the sell off.
 
Quote from ASusilovic:

It will be IF enough critical contract mass is accumulated to feed the sell off.
More...

Absolutely no stop to run above.

The 63 to 64.5 pop has no volume at all.

They need to run this higher to "get the big guys" I guess. =)
 
If one is holding dollars.
With interest rates so low, the return on stocks is attractive.

Not good just no better alternative.


Long from 1062.75
Stop is now at 1063.

Target is at 1065.50

Getting back from a loss of 4500 by being short when the market moved overnight from 1037.
 
Some are more complicating trading than necessary. This rally will end one day, just we do not know when.

Just few fundamental questions:

When last times was spy higher than year earlier?

Where is the ugliest unclosed mother of all gaps on spy?

Do you understand now why it can not fall immediately althought this rally is tired like 100 years old marathon runner?
 
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