My ES junkbox

[CheatWallStreet]

Ok, it's been a while (long story) but I'm back in the game.

Just went short at 2910.25. Too much overhead resistance for a jump quite yet. A drop to at least Thursday's opening 30-min range mid is in order (2906.25). ES/NQ/YM hovering just below the respective Thursday's opening range high. "Uncle" point is 2912.

Here's my schematic for the near term.

Feel free to comment, criticize, or just laugh away.

 

[CheatWallStreet]

Ok, it's been a while (long story) but I'm back in the game.

Just went short at 2910.25. Too much overhead resistance for a jump quite yet. A drop to at least Thursday's opening 30-min range mid is in order (2906.25). ES/NQ/YM hovering just below the respective Thursday's opening range high. "Uncle" point is 2912.

Here's my schematic for the near term.

Feel free to comment, criticize, or just laugh away.

Just looking at that chart's giving me an embolism, I hate mapping out "possible paths" as it just seems like so much speculative fiction.

Bottom line, price approaches key level, wait for buying or selling pressure and respond accordingly.

Operative verb: "wait."

Not rocket science.

Accordingly, I've closed this trade for a 1 pt loss.

 

[CheatWallStreet]

And now it's exploded the upside.

Lord almighty I am rusty.

It's hit my resistance line at 2914.50, but 2912 (the weekly close of two weeks ago as well as Thursday's high) "should" be a support line. We'll wait for what we hope will be a less asinine entry.