ES Journal Archive (2009 - 2010)

Most recent gaps at 1220/21 and 1205?

Plus the one spanning the gap between 1179.50 and 1197. Always ES Dec.

 

3 years later and one of the best things I have taken from ET.

 

Selling 1219

 

The whole run up was to avoid a break 0f 1170.. job done. Now 1200 seen as "support".

 

Market tanks
Dollar tanks
Hmmmm

 

I'd say it's about the interest rate differentials. After the exchange rate is considered re-aligned with them we'll go back to the risk on/off theme.

Remember rates in the US were going up, QE was not working, blah, blah...

 

Not sure what you just said , but one of them will get back in line with a big move.

 

Yes, thats true. Those "who knew" simple prepared some room to go down without get in panic mode.

 

Ammo, if I may ask, what's your plan? Holding for a bigger break or start taking some off? Thanks (and congrats).

 

S 1218.5