ES Journal Archive (2011)

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Anyone thinking we have a chance to fill the gap below today?

I considered bailing here for a small profit as I`m starved and need to take a quick break.

However, we are printing lower highs the last 30 minutes and NQ broke it`s trend line and is dipping below the 20-EMA.

The 20-EMA seems to be the only thing holding up ES here.
 
Quote from Laissez Faire:

Covered @ 1207,25.
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Not getting the follow through I was betting on, instead dancing around the 20-EMA. Combine that with being completely starved and I`ll rather see if I can get another shot later today :)

I guess there is a possibility that we might be trading in a range here around 1206-1210 leading into the FOMC minutes.
 
Quote from MarketOwl:

Kass is a simpleton. We go up for a few days straight, he shorts. We go down for a few days straight, he buys. Simple, and it usually works because stock market is usually mean reverting.
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Yes I'd rather be intraday :)
 
Nice volume spike when taking out the high :)

I guess if 1210 can act as support here, that could be a nice long, targeting 1215 or beyond.

Remind my again. What is the expected behavior during the FOMC minutes? Sick volatility during the release or non-event?

Back to my sandwich...
 
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