ES Journal Archive (2006 - 2008)

I like that 1013 resistance. We may get there today.

 

The 2 minute chart may produce a good sell signal today.

But right now, it's likely quite a way's off today or maybe it would be tomorrow. Either way, there is a fantastic breakout coming imminently. The bulls believe they have made a double bottom on the daily. Bears believe we are still in a downtrend. This one will be difficult to call, but as I believe that we continue in a long term downtrend, I only look short.

 

I think we will be going back down sooner (maybe today) rather than later.

 

short 985.50, 3 pt stop, 10 pt 1st target.

 

sh 84 on 30 min tl,79 bid ,half retrace of last 20 min,87 stop

 

out,took this trade at 9.18 but click on send didnt go thru

 

exit all 77

 

We have 1 up side gap not filled.

Now a down side gap not filled.

What's next?

 

short 81.50, 2.5 pt stop, 75.50 target

 

exit 76.50