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ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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good point, may climb slow into fri ,the big nip at 1129, used the same points on spy as i did on spx, spx comes in around 1126, spy has resistance around 113.5 to 113.8 .... edit dow cash hit res yest at 10460 http://www.charthub.com/images/2010/03/02/ES_DAY_MP_ALTQuote from JSSPMK:
NFP on Friday...Apex82...
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24-27 should give some shortable overhead.
Last 4 trading days remind me of jan where we just grinded up
ascending triangle right now
ascending triangle right now
Quote from inks2002:
anyone else seeing us getting to previous 1148 highs?
ADP didn't provide anything for downside catalyst. Chain Store Sales, Jobless Claims, Factory Orders, Pending Home Sales tomorrow, and then Employment on Friday. One of these has to have a negative 'surprise' or we need a comment out of the EU about Greece/PIIGS debt.
Washington financial reform comments could also do the trick, like the bank tax comments we got in mid January.
Those are the things that could provide downside imo.
I'd say best position is just be short premie in a pseudo long/neutral market bias Put Diagonal (breakeven strikes somewhere in the 1080/1090 area) or something similar and then look to hedge/look for further downside once we break a daily support level. The market will grind and grind up until somebody spooks it, imo.
Hi fellow traders.
Uptrend is still somehow intact, although bulls are doing a piss-poor effort to move up.
It looks more like a controlled grind, which should culminate with a big spike.
Very tough market to trade because the volatility is just not there and we don't get many opportunities to join the only players in this market - bulls -
I had a couple of longs earlier today but had to dump them because I am not comfortable holding open positions with current market conditions.
Better days and opportunities ahead of us. Friday's report is a big one and I am pretty sure this low volatility is due to NFP. Volatility should return tomorrow, especially in the late afternoon.
Good trading to all who have fun playing with a dead market.
Uptrend is still somehow intact, although bulls are doing a piss-poor effort to move up.
It looks more like a controlled grind, which should culminate with a big spike.
Very tough market to trade because the volatility is just not there and we don't get many opportunities to join the only players in this market - bulls -
I had a couple of longs earlier today but had to dump them because I am not comfortable holding open positions with current market conditions.
Better days and opportunities ahead of us. Friday's report is a big one and I am pretty sure this low volatility is due to NFP. Volatility should return tomorrow, especially in the late afternoon.
Good trading to all who have fun playing with a dead market.
:eek:
Look @ the EUR.
Look @ the EUR.
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