S/R Emini Journal

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Quote from john99:

XLE near HOD and trendline underneath. Looking for what happens at 2pm in the oil sector.
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2pm, Oil sector breakout at HOD.

YM and SOX choppy, setting on 200MA.
 
YM being held down. I wouldn't go short. Possible short squeeze like we saw last week on ER2 when ER2 was being held down. Even if we break 11755, I'm not going short. Things don't look right for a short to me.
 
So far, 5.25 point range on the ES day session.

Gary's low stress, clearly stated rules, system pocketed 2 points per contract by 10am...then nap time.

Thanks Gary :)
 
It looks to me all the institutional money is in semi's, financials, but very little in Oil sector. THis XLE break is not moving the markets at all, where as 6 months ago, XLE would be trading in tandem with the dow.
 
The mystical Orb is NEGATIVE calling for WEAK Market action this afternoon. To best illustrate this cutting across the grain of popular consensus opinion( that today will see a new Dow record) that the “BALL has with it’s weak forecast ...

From Bill Rennick's Journal


The orb is negative SHORT SHORT SHORT. :D
 
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