ESfocus's journal of ES trades

ESfocus said:
target = 2592
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I don't think you have a chance at that, but just say some news dropped and we got a big reversal... if you see 2592, more than likely 2600 will fall today too as a move like that would induce some serious short covering. So you might as well put your sell in at 2598.
 
vanzandt said:
I don't think you have a chance at that, but just say some news dropped and we got a big reversal... if you see 2592, more than likely 2600 will fall today too as a move like that would induce some serious short covering. So you might as well put your sell in at 2598.
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2598 is too high a reach from here. They are not willing to throw the baby out with the bathwater, just yet.

IOW, they will (try) keep the appearance of a bull market till shutdown is over hich I think they think will be over soon. Once it's over, you know what's stopping us?
If this gets worse:vomit:
 
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ESfocus said:
What news?
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I was speaking hypothetically.... if some news dropped that could send this thing all the way to 2592 then that news would probably be strong enough to push ES thru 2600 (today). As to what news or sentiment change that could possibly be... I have no idea, I'm strictly looking at the chart and thinking what it would take to get you at your target of 2592. That said, a slow grind up after lunch might get you there too.
g/l certainly.
 
got ya, thanks.

there's much to overcome, and could go south.

I think the bulls need to make a statement here. "we are still in charge"

2592 would do that, the shorts would go "WTF".:)
 
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