ES Journal Archive (2009 - 2010)

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Interesting setup.
We have had six days of pushing resistance up continuously, but today so far the best that the "at ask" brigade can muster is 52% of the contracts traded.

Unless a big bunch of longs appears out of the woodwork shortly, this puppy is set to roll.
 
Today SPY penetrated 200EMA on daily - touch was unavoidable - and immediately retraced bellow it. I think that min. 5% ES pullback is unavoidable as well. Oh, and there will be heavy stop run on shorts.
Keep things simple.
 
Quote from Pholeuon:

Today SPY penetrated 200EMA on daily - touch was unavoidable - and immediately retraced bellow it. I think that min. 5% ES pullback is unavoidable as well. Oh, and there will be heavy stop run on shorts.
Keep things simple.
More...

you sure about that?
 
Quote from Pholeuon:

Today SPY penetrated 200EMA on daily - touch was unavoidable - and immediately retraced bellow it. I think that min. 5% ES pullback is unavoidable as well. Oh, and there will be heavy stop run on shorts.
Keep things simple.
More...

What in the world are you talking about, or am I missing something on this chart???
 

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Quote from Pholeuon:

Today SPY penetrated 200EMA on daily - touch was unavoidable - and immediately retraced bellow it. I think that min. 5% ES pullback is unavoidable as well. Oh, and there will be heavy stop run on shorts.
Keep things simple.
More...

It will go down 5% and then run stops on the shorts. Or run stops on the shorts and turn around for 5%. Care to clarify, maybe even show some charts?
 
My apology, I wanted write ema 200 on WEEKLY.

I think that we will go down a bit, than very quick stop run close to this EMA again and just than real retrace. But because it is weekly EMA this is more for swing than daytrade.
 
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