ES Journal Archive (2009 - 2010)

46?

 

edit 12/5 and 12/29 daily lows in spy providing res

 

62-57

 

Last night I went over 100 most liquid S&P 500 stocks, it occurred to me that only a few are at resistance and bunch of them are at or closed to support areas. If this market has to break below it will be hard and fast, until then we are still in buy the dip mode or sideways slow motion mode.

1. $SPX bullish percent index status is Bear Alert, but the broader index $NYBP is still Bullish;
2. again $SPX 10 Day MA of Record High Percent Index is bearish while $NYHILO is still in the up move;
3. short term uptrend was broken yesterday at 865, but medium term trend still up but at critical support.

 

Good long setting up here on NQ if it can hold 1202-1204

 

The after SDD play worked fine, long until 10 am, short into 10:30...

From here it can go both ways...

 

here comes the final woosh.

 

Long NQ 1204.50, stop 1201.75, targets 1210 on first, higher on second

:scaled out 1 @1208:

:target 1214.25 on last 1/2 unless given an opposite signal:

ut last 1/2 @ 1210... will re-enter on a retrace with 1/2 size:

 

Looks like an ADU

Financials have strenghtened, Oil is up


ES target 897 quite possible

 

Open range breakout upside failed.

Retest of open range top = PP failed

Open range bottom in play at 61-62.

Edit: S1 in play too.