ES Journal Archive (2011)

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Quote from chaykapwr:

stop for this position is set at 1200. and if i fail here then see you guys at 1207

I got out of most.of the position at basically the bottom. Had limits to short in the 05-07 area. And look where it hit. Called the high a day in advance. This is serious resistance by the way.
 
The buzz is pointing down. Buyers got pushed down at the weekly VWAP high-end standard deviation on the 4 hour at 1201 and have struggled to regain 3 ticks all morning. A run-up is almost assured however. The twist they don't want you to know is that the sell-off will be to place a print hard and low enough to move the averages. The good news, it won't be far. The 3 day RSI on the 4H is, it would seem, perma-perched above the 70. God would have to short this market to move it. And she's happy long. ha
 
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