ES Journal Archive (2006 - 2008)

Just covered this at $48.30 from $43.37. That margin is a big nut.

 

We have a giant ascending triangle with the 3rd try to break higher...

 

triangle finally broke down

 

short 898 target 883 stop/reverse 904

 

First real break below the major intraday trendline

also momentum oscilator has been above zero line since 10 am
but is now slipping below (look at very last bar in seconf panel)

 

covered 895, gonna wait for stronger trend near end here

 

NQ formation over the past few days is more consistent with spike and ledge where the ledge bottom at around 1200 was tested 4 times. That is bearish.

ES and YM show down side ledge pointing to possible much higher prices should their ledge tops get a clean break. This is bullish.

Since there is no news or event to trigger a direction yet, we probably will travel back to 884 or the projected ledge bottom at 872.

 

notice daily djtrans starting 11/21

 

partial cover 91

 

5th time holding up for NQ?

Please no!!!!