S/R Emini Journal

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Quote from volente_00:

10:30 reversal anyone ?

Not sure about that reversal today. On the short term 3 & 5 mn. chts. today we have a Low Tight Flag forming. Up vol. is "eh". How's that for a technical term.
 
Quote from thebuzzkill:

I see something similar on the YM daily, this is the Sep contract. Good spot. On both the sp-500 and dj-30 indexes the vol has dried up considerably. I was expecting a crash to be honest especially when the nasdaq and the nasdaq100 broke out of their weekly channels, but i will trade whichever way my signals tell me. I still think that we will finish the year down on th indexes (hopefully not my account), if you scan through actual stocks, I see very few stocks that look strong. But if the market wants to go up then I am happy to play. But any positional traders I think need to be very careful on their long plays.

I totally agree, I am seeing similiar patterns across all indexes
 
meet me in the Trap
it's goin down
meet me in the mall
it's goin down
meet me in the club
it's goin down
anywhere you meet me guaranteed to go down



knock on the door, hearing 1294.
 
Quote from yvberj:

Not sure about that reversal today. On the short term 3 & 5 mn. chts. today we have a Low Tight Flag forming. Up vol. is "eh". How's that for a technical term.


I see any bounce as a shorting opportunity.
 
Quote from volente_00:

meet me in the Trap
it's goin down
meet me in the mall
it's goin down
meet me in the club
it's goin down
anywhere you meet me guaranteed to go down


Didnt think I would see Young Joc lyrics on a trading board so much:p
 
I entered a short at 98.50 based on breakout of bearish flag. This is not a big position as I am saving that for a 95.25 short. Might consider doubling my current position and letting it ride to 93.25. We'll see if I get nervous.
 
Quote from 4re:

I entered a short at 98.50 based on breakout of bearish flag. This is not a big position as I am saving that for a 95.25 short. Might consider doubling my current position and letting it ride to 93.25. We'll see if I get nervous.

once we get passed yesterday's low, we should continue downwards
 
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