ES Journal Archive (2011)

[JoshDance]

Quote from Picaso:


Josh, do you filter for size or is that all transactions? Thank you

It is for all transactions

 

[ammo]

its a general number because of monthly chart but channeling off lower supp line,1271-72 is the broken res now supp in spx

 

[EliteThink]

Quote from ammo:

its a general number because of monthly chart but channeling off lower supp line,1271-72 is the broken res now supp in spx

ammo, love the equity charts, thank you.

 

[ammo]

you're welcome, and thanks to everyone who contributes constructive analysis on here,great having several extra sets of eyes

 

[Picaso]

Reducing average target from 5 to 3 points for today after being shaken out a couple of times... Unless volatility picks up again in the pm

 

[JoshDance]

Quote from Picaso:

Reducing average target from 5 to 3 points for today after being shaken out a couple of times... Unless volatility picks up again in the pm

Everything about today from open till now has indicated that today has a high probability of continuing to be a range-bound "yawn" type of day. Market not willing to trade above yesterday's close, nor is it willing to go below the 73 support so far. I sure hope it picks up later though.

 

[cashcarewins]

Quote from JoshDance:

Everything about today from open till now has indicated that today has a high probability of continuing to be a range-bound "yawn" type of day. Market not willing to trade above yesterday's close, nor is it willing to go below the 73 support so far. I sure hope it picks up later though.

Typical early consolidation after a big day. Odds favor trend resumption by the close. I show a secondary buy signal off the hold at 1274.5, but am waiting for a 'high value' entry. May not get it.

 

[ammo]

they rallied eur and found sellers at the nip,normal action,repeated 99 % of the time would be a pull back to the cleavage in the 140 area

 

[JoshDance]

Quote from ammo:

they rallied eur and found sellers at the nip,normal action,repeated 99 % of the time would be a pull back to the cleavage in the 140 area

Thanks for the chart; equivalent pullback on ES would be... 55 to 60ish, I'm guessing?

 

[JoshDance]

Quote from cashcarewins:

Typical early consolidation after a big day. Odds favor trend resumption by the close. I show a secondary buy signal off the hold at 1274.5, but am waiting for a 'high value' entry. May not get it.

Where would a 'high value' entry be for you on this? Above 74.50 I take it? The support at 75.50 was good, and just now again at 76.25, I would guess that if it's going to go up at this time, that your best entry may be 76.25 -- but I don't know how you might work it.