ES Journal Archive (2009 - 2010)

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Quote from volente_00:

is it me or is that a H&S on cash chart on weekly with right shoulder being made now which is also the 50% level on today's cash range
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WEEKLY? H & S? Weekly on SPX shows no HnS

Can u post a chart, please?
 
Quote from tomahawk:

Yes ... you mean over the last 3 days. Sure looks like a (possible) H/S to me.

What about T-day though?
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The left shoulder was made over 2 hours so we should get a confirmation over next lunch time Would need some buying to come in and void it.
 
Quote from volente_00:

if it is to play out it looks like it would have to be made on chop through the rest of this day.

Would need some buying to come in and void it.
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I see it and agree with the above observation. I was confused initially when u said weekly chart. Maybe this is why F11 is screaming sell!

EDIT: I think it fails just like the rest of the drool inducing HnS in the past. It doesn't seem to translate o other indices. NDX still looking pretty for now.
 
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