ES Journal - 2013

True, Quite a turnaround in euro

 

what is this tweezer you talk about? Can you pls post a chart to show it

 

we might retest low. if hold, probably rally from there.

 

Simply two bars on a given timeframe that are in the shape of "tweezers". Basically, back to back hammers. The bigger the timeframe, the bigger expected reversal.

take a look at the es 15 minute chart

 

demboyz want green

 

roller coaster today.

 

But the loops are wide enough to get your "hands in the air" and see around the next bend.

 

interesting note:

trans formed a decent bottom with previous support. It is also nudging against it's upper tl. Will be interesting to see how this res is treated. PE's for the trannies are all pretty low even with the run up.

 

i am still bias to short. will short bounce until upper res is broken.

 

Would like to see decent breakout either way with a catalyst that can push it a good 40 points or so over a few days/weeks.

trans is respecting the res of the upper tl for now.