ES Journal Archive (2009 - 2010)

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It's a tricky one to predict with any level of certainty, weekly horizontals have been broken, yet wedge remains. Also there are daily indications pointing to a pullback.
 
What about R1 on daily in 1135 area? It is one of the most respected resistances and it is always retested after breaking.

And I agree with startraitor we have several so important resistances on SPY up to 1200 that I can not imagine that we can go through quickly.
 
Quote from Eko_Trader:

You talking about the cash or Futures? I can't find any resistance @ 34-36 area. If u have any charts, I'd appreciate a post. Thanks.
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Futures.

Not necessary to go there at all.

It is a measured move target zone from several up swings.

When that matches previously broken support area from longer term charts, it become reliable resistance zone.
 
Bloomy already spinning a potentially low ADP.

Hmmmm....how would I handle the media if I had tens of billions to inject into or out of the markets every week or so....hmmmm.
 
Quote from Lawrence Chan:

Futures.

Not necessary to go there at all.

It is a measured move target zone from several up swings.

When that matches previously broken support area from longer term charts, it become reliable resistance zone.
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Thanks.

Also Thanks to ASUSILOVIC for the chart.
 
Quote from tortoise:

another UP day

this will continue until the last bear is dead.
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Bears were all dead since Nov.

The volume tells the tale.

The mkt is drifting up due to MM activities to mark prices to whatever they want.
 
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