ES Journal Archive (2009 - 2010)

as you can see -- market failed several times at 820
820 to 825 is a strong band of resistance

However, the 5min chart is looking positive for bulls... the kiss up and cross above zero line

Lets see if it can break above this time...

or if it fails then back down to LOD

 

Hey T day crew, can you ?




http://www.youtube.com/watch?v=m6sc4AI-dHI

 

Oh my what a pretty shoulder we made there.

 

tday boys may be leaving the building at 25-26.

 

Closed longs @825.50. Nice.

 

QQQQ's look good today lots of good tech news for once.

 

Who wants to bet that we get the cup formation?

 

Somebody must be badly hit with short covering. Just saw 28.000 contracts traded in 1 minute....

 

DEMBOYZRBRUTAL2DEMSHORTIES

 

As you may have seen ES broke above and then above 825

Looking at hourly chart - higher low, so now it must make a higher high, that is a bar closing above 844. Note the MACD is also baout to cross up IF ES holds above 830 approx

844/847 is another strong resistance area.

IF mACD does not cross then it can go back to LOD in a hurry