ES Journal - 2012

This is what I saw on the daily chart last week, but I'm not in the habit of making longer term calls on much of anything.

 

comp lagging a bit, but even commodities are pressing hod's. tough sell to short

 

s 78.5

 

spx nip

 

trans ledge 5149 high so far

 

es nip

 

many stops at and above the HOD

 

still bullish but they are having a hell of a time pushing it, and with decreasing interest in doing so thus far.

 

sh 78 scratch sh 77.5

 

load up longs until 75-76 then blast through the res line with all the power of the short covering.