ES Journal Archive (2009 - 2010)

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Quote from home_es_trader:

nice call, how dd you get it ?
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reversion to mean trade


we went roughly 11 above 87 and 11 below


86-87 area is also a r10 area which should mute the rally
 
Quote from Lawrence Chan:

Closing the gap, thus testing previous week high, has a bigger implication relative to just gap fill or not.

Just that they are around the same price is telling us that someone wanted the market to go higher badly.

As long as previous week high is holding up as support the bullish bias stays for the coming weeks.
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1079.00 is FIBO support / 1099.25 FIBO resistance. They are playing ping pong...

Take a look at EUR/USD and USD/JPY....Dollar weakness everywhere....Macro data is terrible. Global macro players switching into JPY and CHF again. Long Bonds / Short equities.
 
Quote from FirstDegree:

http://www.youtube.com/watch?v=egPIUpWugH0

Looking for a low of 62.50 if ES can get below 78. If it can get below 78 they won't be seeing another move to 87-88. If it can stay above (which it is right now) we could be seeing another move higher by the end of the day.

(at least that is my understanding)
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wow not confusing at all, we may go up or down from here. On a side note I would say this guy grew up Chicago for sure. :)
 
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