ES Journal Archive (2011)

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Not watching the euro too much, but excluding the spike, the lower highs are still pretty obvious and it look like we could reverse from here unless we breakout.

I have however very limited to none experience of making anything out of that with regards to ES.

ES seems to go higher though.
 
Very subtle double top 1 point below the last swing high on the 5-minute.

Double double top.

Maybe? :)

A boring 20-EMA bounce and trend line touch for now.

Maybe it`s not game over below after all? :)
 
The million dollar question now is if we`re testing the trend line/triangle break or if we`re forming a bottom from here. :)

I`m betting on the first.

Reversing off the 20-EMA maybe.

Using the swing highs on the 5-minute, the whole day is one large triangle with a new bottom (not a break on this one) formed on this last push down.

The former trend line more visible on the 1-minute is however now being tested.

A little too subjective for my taste.

Perhaps establish a dead zone between the last two swing highs?

Long above 41?

Short below 35?

Just thinking out loud here. :)
 
Triangle is still containing the action.

A little hard to tell where to draw the lines, hence it subjective nature, but the dead zone at 41-35 should be fairly accurate.

I wonder if we could get a nice move by end of day. The targets above and below both look tempting.
 

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Did the market just slow down a lot around 38 or is there something with my connection?

Been having some suspicions lately about my connection that I need to investigate.
 
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