ES Journal Archive (2011)

For the week of and after

 

This is how yesterday was supposed to end, I included today's first 4 bars:

 

I know it's me again, but we are right at the Failure point on the 5 days/15 min chart and if we do bounce from here the 3rd top target is 1298+13 for the ES... Probably on Monday....

As long as we don't go below 298, the pattern is in play...

Showing it here on the cash:



Cash 3rd top would be: 1315

 

short 1302.5, target 87- 84,will add up to 1311,how many want to hold long over the weekend

 

I`m joining you, ammo, but with a lesser target

Short @ 1302. Stop @ 1304. Target 1299.

 

I want to short, but my system isn't giving me a signal. We are just over the 200ema on the 15 min chart. Still seeing some bulls buying this area, but having trouble pushing it up. With any luck we get a good failure soon

 

just an observation,pure b.s.,but if they are distributing up here and have to be done by the close,as the day gets shorter,there could be a race for the door...technically,i'm not seeing anything other than spx topping at tl, slight advantage on the dvol,and oil traders dumping

 

spx tl

 

larger view

 

the larger tl just posted has that spx tl at 1296-97,deduct 3 points and that is your first es supp