ES Journal - 2012

out of ES for + 1 tick. so flat on ES

Short NQ 2 @ 2699.25 looking for new lows

 

exit target 41, shitty market so far. stop moved to b/e

 

Bottomed out (?) at a 50% retracement of the previous leg up.

Needs to take out the blue line now for a good swing up, or it's a double top potential here for a ride back down.

EDIT: NQ looking strong now. Back in the green and above yesterday's high. Time to rally?

 

I ain't feeling real good about this price action.

 

stop to 39.50 target 42.00

 

stopping myself at 2707

edit: not much clarity,,,,,out at 2704

flat now

 

stopped +2 ticks, screw this for a clearer picture

 

NQ's close being defended, that is what I see.

1440 could be a great short with a tight stop though, but I got a hunch we're building energy and taking a rest here before the next push up.

NQ is having problems taking out yesterday's high though.

 

short 2705

this is not the price action that goes with a long generally

 

ES soon back in green now. Looking for that SPY gap to be filled now. Roughly 46-48 on ES?