Er2 Market Calls & Commentary

Nice little test of 725.6 today - trying hard to bounce !!

BTW Lolo do you use other indices for confirmation... I find the correlation of signals in NQ work particularly well with ER2

 

I use the NQ & the ES for confirmation as well

 

market found support on the weekly S1( 727.10)...but will probably be broken by the end of the session

 

Well 725 is holding up so far ...... no idea if it will tomorrow but it was well tested today.

 

It's normally not a good sign when the market closes at or near the low of the day.

 

This is getting very tempting!!!

 

the er2 closed a tick below the monthly S2( 725.9)..but unfortunatly, it will go 720 before heading back. check chart below

 

also if you check you 30min chart, you'll see a "bearish" penant, signaling more selling ( check chart). So i'll be focusing my trades on the short side tomorrow. here are my calls

Short : 724.8

target1: 720.0
tagert2: near 712.10

In case of a bullish rally

Long : 726.8
target: 730.2

long: 736.00
target: 741.70

good luck and good trading to you all

 

The Bulls are better be awake by monday.

IF the 715 level is broken, I thinks the bears will bring the ER2 back to the stone-age.


no trading for me tomorrow, so have a great weekend everybody....will be back sunday with my calls for monday.... take care

 

Lolo,

Spot on with the focus....

I caught the 2pm slump - but took profits at 725.6 expecting the bounce (again !!).

J