ES Journal Archive (2006 - 2008)

Off from day action for a few weeks but covering some shorts here eod. Too much on the table and more upside than downside risk... Not enough to get long imo, at least with the info and time I have.

 

L897.5, s~1.5, h/s-10 off 3m

Scaled out 2/3 +2

1/3 -1

 

Don't quote me on this, but how about 837 as the LOD for tomorrow. Unfortunately, I won't be around to find out.

 

S896.25, s~5, h/s+10

Scaled out 2/3 +2.75

1/3 +2.75

 

I would not be surprised if we were to see low 880's during the in between session.

 

some lines and curves..

 

dont let the complacency in the price action fool you, all valuation models are pointing to significantly lower levels,....

look at the historical nature of some of the news events..

 

Here are some more.

 

A bunch of economic numbers will hit the wires on Thursday and Friday. In this environment, you would profit by selling the rumor and buying the news.

 

There is a high probability of 820 being tested in the next few days. VIX is "only" 61.44 - should spike up to at least 80 if a bottom is being made.

But there seems to be extreme bearish sentiment (e.g this forum) building up quickly. This may limit further downside to SPX 880 or 860.