ES Journal Archive (2006 - 2008)

ES about to bounce from here ImO

1461

 

i`d be very surprised not to see a sympathy rally mid/late day & into tomorrow....i`m actually expecting it......looking for a test of 70 before the day is up.

 

What is a sympathy rally?

 

9/11......last day in the pit for the families before construction commences.

i`m a buyer here & down to the lo 50`s.....

 

ES printing 1449.25 was not healthy... for me. :eek:


Edit: 1446.50 Now I am worried.

 

65

45


2 x 10

 

.... i didn't take it but...
....there WAS 15 min neg divergence at 65 ....along with being 50% retrace level of down move.....

 

bottom of 30 min channel currently.....stop on remainder 3 ticks below LOD.

this is a good litmus test for the markets....if they can`t rally it late into tomorrow.....confidence & sentiment is shot,imo.....bad sign going foward into fomc.

 

Looks like bulls are nowhere to be seen. Anybody voting for mid 1350s?

 

es 65..35 ... spx 32 ....
?