ES Journal Archive (2009 - 2010)

Status
Not open for further replies.
Quote from volente_00:

Explain




Now that the triangle broke above 37.5, it should act as support to build the move to 39.5-41.5

Much more likely to go down from here.

I am posting confirmed levels with 1 min chart so in fast moving mkts they will be off by 2-3 ticks.
 
Quote from Lawrence Chan:

=D

1-tick lower high in place. previous day high was not tested, it is rejected before it gets the chance to.

TICK didnt support the new highs either.
 
You are an interesting bunch of guys.

You appear to regard ES as made up of bulls and bears in the traditional sense of technical trading from days gone by.
It is as though all bulls are equal and therefore lumped together and the same applies for the bears.

Why not try to see the two groups as "those inside the loop" and "those outside the loop" and then decide who you want to team up with.
 
Quote from hermit:

TICK didnt support the new highs either.

Sell pressure needs to show up and previous day close must stop all rallies from this point onward.

I do not see much sell orders coming in, yet.

Still above ORH + VWAP + up channel bottom => bullish.
 
Quote from Lawrence Chan:

Sell pressure needs to show up and previous day close must stop all rallies from this point onward.

I do not see much sell orders coming in, yet.

Still above ORH + VWAP + up channel bottom => bullish.


There is a slope divg in TICK right now with TICK sloping up while ES is almost flat, could lead to downside later once TICK turns. And it gets trickier since price is within the developing POC of a very elongated profile. :eek:
 
Status
Not open for further replies.
Back
Top