ES Journal Archive (2011)

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It looks like the market is trying to make a move towards the 1214ish area. I'm pretty bad with overall direction calls for the day, but the TICKs are still bearish for now so I have to assume that's what is trying to happen.
 
Quote from Laissez Faire:

Now it`s official :) Done for the day, week or whatever.

I hope some of you manage to stay on the right side of the market today ;)
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dont worry, dude.
I've done worse than you today I think! lol
 
Quote from bigsnack:

It looks like the market is trying to make a move towards the 1214ish area. I'm pretty bad with overall direction calls for the day, but the TICKs are still bearish for now so I have to assume that's what is trying to happen.
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Yesterday`s high stopped the sell-off this far and we put in a higher low in relation to today`s low.

Now, the tough part is knowing whether we are pausing or actually finding support here for the day :)

One might think that the gap below is a potential target for the day.
 
Quote from Laissez Faire:

NQ filled it`s gap already?
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Not by a long shot. 2227 is the gap.
so far, we have huge support at 2235/2237.
Obviously, if they buy ES 1218.75, the gaps will stay open, but note the weakness in AAPL. This is not bullish for the day.
 
Filling the morning gaps would mean NQ losing the 200 ema at 2237 (which just was support). Not sure that is really in teh cards, but let's see how we act at ETH high of 2250.50.
 
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