ES Journal Archive (2009 - 2010)

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Quote from OTCkrak:

how about overnight high of 68.25?
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this looks like the topping move from Jan??

heavy resistance around here from yesterday, id be impressed if this goes much higher.
 

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There is a nice Head & Shoulder in ES with the left shoulder top at 1170.50.

A break above that level would like push ES to attack yesterday's HOD.

As long as ES stays below that level, bears are in control of the game.
 
Quote from fseitun:

There is a nice Head & Shoulder in ES with the left shoulder top at 1170.50.

A break above that level would like push ES to attack yesterday's HOD.

As long as ES stays below that level, bears are in control of the game.
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I noticed it too. But the neck is a little off.

range is still 114 - 112 in spy
 
It looks pretty nice on the globex chart. The left side of neck was broken overnight (1161) which makes it even more bearish to me because ES made a lower low.

I am not going to trade shorts yet because daily chart is still very bullish, however we need a pullback sooner or later so I woulnd't blame those who go short here.

1170.50 is the key level for bears.
 
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