ES Journal Archive (2011)

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Quote from Laissez Faire:

Yes. 20 should act as support if higher. Lining up well with the 20-EMA at the moment.

Morning highs at 22 may also act as support.

It's very tempting to buy this level, but I would prefer to see a test and failure at 20 before going long.

Pulled back just enough there to run the long stops below 22 before popping up again. Lots of trickery going on here...LOL!! :p

Starting to look like a bear flag/pennant, with 22 as the bottom. The spring is coiling tighter and tighter!!
 
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