The ER2 Trading Journal

Here we go again, the 2:00 PM rally is about to start.


Quote from lynx2004:

agree..AM rally couldn't be sustained...if we close here, it will be rather bearish short-term...if it goes close to HOD by 3pm, we may have some short covering Friday afternoon rally..
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Sell suggestion was made at 672.9, I think it made some good calls, however, it is better to do the buy or sell through automatic system rather than manually send the buy/sell orders. Making 5 or 7 ticks is not a problem.
 

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Quote from trade_4_living:

Based on support/resistence. fib retracements, it has a buy suggestion at 671.9.

I would look at more other factors too.
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ok..yes it was a good short-term signal..
also NQ gave in dragging everything down..NQ seems to be bottoming .. we'll see.
 
Quote from trade_4_living:

ES and YM are strong, NQ/ER2 are weak.
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yes i also noticed towards the end strengths switched from er2 to ES..it could just be "them" playing the settlement -- overall, as er2 came up towards the AM high and closed OK, i will remain with the view that there is more upside.
 
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