ES Journal Archive (2006 - 2008)

The 2003 low for $SPX stands at 768.63. ES is currently trading at a discount of -1 to the cash index. Hence, keep your eyes glued on 767-ish.

 

bonds making new highs for the day, not good for es

 

Looking for a move back to 05-08 from 85-86, would like to close in that range.

 

The worst case scenario for the bulls is to end the day below the 2003 low.

The worst case scenario for the bears is to retest the 2003 low too early and risk a quick reversal.

 

Just covered since my crystal ball is indicating that we might be reversing and heading up. Hmm, better be safe than sorry though.

 

sh 74,86 stop, add 76,add 77

 

Getting long at 73, stop 62, target 800+

 

news guy says Spx at lowest level since 1997???

 

2nd bottom in the making

 

going for high 760's by 3:30? I think it's getting late. If that hits then wow ...