ES Journal - 2015

If you are using lines in the sand than yes that crossover would be considered a breakout up.

 

You may not be reading the chart correctly. I am not using lines in the sand--I am pointing to the long signals and the stop placements. Here is the hourly ES chart from today. --Clearly long intraday.

 

flat at 17.

 

longs have little reason to cover yet; we need a wash-out. put fear in their hearts

 

Way back Anekdoten would have taken that trade. It worked out for you and great.
This is a market and we all make decisions on what we think we see

 

Current daily chart of ES showing that, without a reversal signal, the trend remains up until we close below 2050. There is also reverse divergence here which is typically indicative of continuation in the direction of the trend (up).

 

why 2050? why not one of those swing lows back in april?

assuming a short just under 2050, what is reasonable target?

 

The NAZ is messing with the child again today.

 

what does this mean?

 

yesterday the naz influenced the es and today its doing the same.