My feeling is that we need to touch the lows around 1205 or lowere before there could be upside. For now, selling rallies is the best bet in my view. Will there be bounces? Certainly.
At the 4 pm cash close the ES was at 1210, now at 9:51 at 1222, a good time to take profits. Overnight it was also up to 1219, plenty of time to lock in profits before it fell back before the open...
I still don't hell understand how Hankie allowed Lehman and Merrill to fail while holding the American taxpayer hostage to save his old buddies at Goldman Sachs. Is this merely a fucking coincidence?
Please discuss how you ES trade only. Thanks For example, if you wish to comment on news or PPT etc., please make it relate to what you are doing in the ES. Thanks--Ishmael
seems like we're rangebound for the moment, going between pivot 1222 and gap fill 1205ish. it will be interested to see if there is a breakout of this range. have tapped 1205-7 a few times now....
We have not tapped 1205. My view is that we will need to and then snap back quickly for there to be fresh upside.
Looks like we have been range bound for some time now. Yesterday was an inside day so we are due for a break out or atleast an atttempt at one. The way this market has been behaving as of late it could come around 3:30pm EST today.