ES Journal Archive (2011)

Status
Not open for further replies.
Been watching for a while. Just able to make a post.

I have been buying this and tightening the stop. I keep getting a couple of points and getting stopped with +.25.

It seems fairly over sold on the daily chart. A little over sold on the hour. And it was on the 15min but its starting to turn up.

I just woke up and got back in a little late at 1278.50
stop @1277.25

I feel like it should go up and touch the 129X area before going lower. I guess it could just move sideways for a long time and then go lower to the 200sma on the daily.
 
Quote from tortoise:

There was something strange about yesterday's close as well. We hit a new low, but breadth -- measured by adv-decl and up-dn volume on both NYSE/AMEX and NASDAQ -- was positive, while breadth measured in the same way on SP500 and NAS100 was positive until 3:45 before following the futures hard south.

In other words, to my eye, the broad market wasn't really participating in the futures-driven flush, with its accompanying arbed-driven dumping of the big stocks.

And then, fwiw, there's the VIX, which carved out a lower daily high for the third day in-a-row .... and just before the close.

I wonder, Volente ... might your squeeze start at 2:00 pm this afternoon?
More...

vix is notorious for having zero predictive powers. i would not use vix in any way for es market direction. i trade nothing else for years, and jmo regardless.
 
Status
Not open for further replies.
Back
Top