ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Might take a little longer than that.The CFTC is examining the 10 traders holding the biggest long positions in the S&P 500 E-mini and the 10 traders with the biggest shorts on the contract, Chairman Gary Gensler said. The agency sent letters to market participants seeking data on their positions and âall communications related to tradingâ on May 5 and May 6, he said.
Yesterday morning (05/11/2010) the ES market staged a modest little grinding rally that filled the opening gap after lots of coiling and accelerated higher thru the midday stretch. That in itself was suspect, but conversation for another time.
There were several buy-signal setups on faster setting charts, but no clear CM Control-Bar reversal signals anywhere at all until the first peak high around 1pm est. Price broke the 1164+ zone there, dropped to a low of 1162.25 and popped right back up again. Went about 2.25 pts in favor of the signal, and reversed.
The second CM Control-Bar reversal signal happened at the key 2pm est period on trend days. That's a high-odds sequence in itself we've discussed for the past three years and counting. Some things stand tests of time.
Breakdown sell confirmation from 1166 zone gave multiple sell signals to enter short all the way down. The reversal confirmation was 1166 area... with numerous chances to short below.
Market price then dropped to a low of 1151.00 or +15 index points ES in favor of the short-confirmed bias filter. Nothing unusual, no big deal... CM Control-Bar setups happen every day, every market, every symbol. Because price is price, and price action does what it must always do.
There were several buy-signal setups on faster setting charts, but no clear CM Control-Bar reversal signals anywhere at all until the first peak high around 1pm est. Price broke the 1164+ zone there, dropped to a low of 1162.25 and popped right back up again. Went about 2.25 pts in favor of the signal, and reversed.
The second CM Control-Bar reversal signal happened at the key 2pm est period on trend days. That's a high-odds sequence in itself we've discussed for the past three years and counting. Some things stand tests of time.
Breakdown sell confirmation from 1166 zone gave multiple sell signals to enter short all the way down. The reversal confirmation was 1166 area... with numerous chances to short below.
Market price then dropped to a low of 1151.00 or +15 index points ES in favor of the short-confirmed bias filter. Nothing unusual, no big deal... CM Control-Bar setups happen every day, every market, every symbol. Because price is price, and price action does what it must always do.
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