ES Journal - 2013

Still short bias watching NDX 80

 

Working TF short again if NDX 80 Held Offer

 

This caught my eye...is this not a monster (under my bed) H&S?

Statistics show that next weeks triple witch Exp is usually up...but with this monster lurking I'm still neg. Will get closed out and flat tomorrow, but just in case I'm buying a couple of next weeks puts to cover going long.

 

I think they are pressing higher for the Fed Meeting as everyone thinks they will try to talk down rates. We just keep floating up into that event next week.

NDX 80 Held Bid so bias reverse but no play.

 

Well actually I am still short a piece of TF playing for NDX 80 Failed Bid but unless SPX 90 rejected right now I will have to capitulate

 

Futures and cash delta all aligning positive now into SPX 90

 

Another exceptionally quiet day on ES Journal.

I agree with you Richard....

 

dream on...

 

it's not there in spx


the channel in spx indicates upwards of 1720-1730

 

I would certainly never bank on the ES going down.
The odds in general are HEAVILY stacked in your favour if you only go long.