ES Journal Archive (2011)

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The bid/ask spread on TVIX (x2 S&P VIX ETN) is very wide, making it easy to predict a negative breakout when the bid/ask compresses... I recommend watching it.
 
Quote from Laissez Faire:

What targets are you gentlemen looking at below for the day?

I`m not extremely confident that the top is in, but I`m willing to risk some points and open profits that it is.

If support, which is now at 1120, breaks, I`m seeing 1100 as a potential target. Maybe 1095.

All in line with the recent average range.

Find support at 1120 though, I`m thinking that 1135+ is the most likely area by end of day.
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my blackbox has 1135.67 as S&P high for today
 
Quote from Laissez Faire:

Out at 24,75. 1 tick profit!

I seriously considered covering around 20 as a bounce were to be expected, but just as I was leaving, it looked like we were going to break support and I did not want to risk missing the boat.

Still not convinced we go higher for the day though.
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R10
 
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