ES Journal Archive (2006 - 2008)

any1 else see r-shoulder of H&S forming?

 

Could be, but I never anticipate a pattern. I wait for it to form and react after confirmation.

 

I have seen more action in after hours market

 

Could be a Double Top formation....time will tell.

 

i actually have a fib confluence zone here at 86.50 & 89.75.

if we trade past that 95/96 should be a given but we may put up some R here but looking for 84 to hold....if not that 30 min TL would be a coast to coast move but i don`t expect it.

 

short from 89.75 with a 91.25 stop.

CT all the way but R/R heavily in favor fwiw

 

trailing stop hit at 89.25. Now flat.

 

add on @ 89 same stop

looking at 85.25 for 1/2.....if they can take me out from here then they can have it.

 

For those who are short (have just short or have shorted close to current levels): what is your reasoning here? All I see are new highs followed by low volume pullbacks, suggestive of bullish action (at least today).

 

It seems pretty clear (like spooz was sayin) that they're just gonna push this up into Fed announcement. Shitty volume but that's more of a function of the shorts just standing aside until then.

Wish I'd come to this realization a week ago.