ES Journal Archive (2009 - 2010)

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I believe prices will stabilize or reverse within 10 points of where we are on cash (15 or pts on ES) simply because of trendlines and stretched indicators. I'm leaning more toward stabilizing until I see a strong move from the bears.

Just for insights, here's a large channel I've been watching (Didn't effectively play it) on TF.
 

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Fun fact of the day: All 3 stock (AA, CSK, FAST) earnings that initiated this rally have been faded all day. I believe it shows that this whole rally is on technical steroids, meaning the daily trendline should hold (Short term) baring some unforeseen super-bullish news strong enough to make ammo go long. :D
 
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