ES Journal Archive (2011)

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Not easy to get a good read on this with all the spikes, so I`m drawing myself a big dead zone here.

Resistance above is yesterday`s low at 33,25, opening range at 34,25 and then the gap fill at 35 which is a potential reversal point.

So unless we clear that area, the reward on the long side may be limited as well, unless for a scalp.

Seeing the weakness of NQ, I`m leaning towards a short if 29 breaks beyond a fake break.

Currently clueless and aware of it. :p
 
Quote from Laissez Faire:

No support yet at the opening range high, but possible trend line support around 32.

Rooting for you, gmst. :)
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I hope I didnt buy it at the high :(

Appreciate your best wishes but a more direct help would be if you can buy 1000 car at market :D :cool:
 
Quote from gmst:

I hope I didnt buy it at the high :(

Appreciate your best wishes but a more direct help would be if you can buy 1000 car at market :D :cool:
More...

LOL. Ask EMG.

I was tempted to buy myself, but as I said earlier it is a potential reversal zone and NQ is looking weak(er), so I wanted to see it actually act as support first. It is not uncommon with quick spikes, then one is afraid of missing the show, buy the top and the market reverses immediately.

If you feel that the trade was wrong, you can always cut your loss, tighten your stop and get back in later.

FWIW, 30 is the 50% level.
 
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