Also it backed off when it rammed into resistance (50 dma) on the daily chart. We needed to see a break of that for it to continue going higher. Support is at 76. I hope for your sakes it bounces now but this is its last shot. MACD histogram on 15 min chart has also tanked meaning momentum is totally gone.
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Look at this PA, isn't trading just glamorous.
Never short a dull maket
Grind to 82-84 as long as we hold 74
I just heard there is a 99.99% chance we take out the highs!
This is typical during last months. We rush somewhere - during very short time, today was extremely good example, three minutes and finito - and then we are "glued" somewhere for rest of time.
My explanation of this is that the "big gorillas" do not want that daytraders are ripping small pieces shorting pops and buying retracement because they learned it to do at the end. Place your daily bet, ladies and gentlemen, and go away off table. See you tomorrow...
My explanation of this is that the "big gorillas" do not want that daytraders are ripping small pieces shorting pops and buying retracement because they learned it to do at the end. Place your daily bet, ladies and gentlemen, and go away off table. See you tomorrow...
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