ES Journal - 2013

You might be right. I don't anticipate us falling off the cliff. I'm sure there will be a short-covering rally along the way. But, overall, we should reach 1690 in 2-3 weeks (just before Black Friday rears its ugly head).

I'm sure you see my drift.

 

WOW 30 points top to bottom. Congrats to anyone who actually collected 30!!!

fewer than 20 left for EMG to collect on his 1 pt

 

rest of the week would be .........................Tomorrow?

 

That's not a very pretty daily bar here. 'Twoud be a brave buncha bulls to defend at this level even though it is near the 20-day EMA. There's a 50-day EMA around 1710 and a LTL around 1670. Those should be good defense levels.

 

Not many bears, as far as I can tell, covered their short before the closing bell. This could mean the selloff pressure ain't over just yet.

 

Is the LTL you allude to between June and October lows?

 

Yes, that's the one.

 

Revisiting the backtest.

 

For next year, keep this channel handy.

 

1750.xx is where the eyeballs are focused for resistance. On a closing basis because the jobs report can throw a wrench into the works.