ES Journal Archive (2006 - 2008)

This move is all about options. Downside to 1460 cash, upside to 1500+ til next friday.

 

pre markets up nicely. Had to happen. Everyone was all to bearish in here after the close.

 

.... 92.5 ..... will negate bigger downside target....

 

Load the boat on XLF.

 

You know it..... ......nice observation.,Elove.

If they can`t save this thing today......target is 32,which is the measurment........coincides with Apex`s call of 30!

 

possible cup within cup

 

....maybe volente is referring to this....
... maybe not....

 

Run it for SPY. There is also an inverse H and S setting up on SPX at 1460-1470 as well as it being the near the 50% retracment and previous short term top was at right at 1460 cash. To me this is just a set up to wash out weak longs and suck in more shorts before a year end move to 1590+.

 

covered 1/4 here @ 85.25.........1/4 to run & trailer sits at 1500.25

 

15/30 min IVB`s were broken to upside with opening bar....only to reverse south....they juked me there but it is usually a hi % reverse setup.