The ES is down tonight...AGAIN!

Discussion in 'Index Futures' started by blowingup2012, Apr 23, 2012.

  1. Ive been long the ES since 1354!
     
    #11     Apr 23, 2012
  2. Good move... I have been stuck chasing dips and shorting divergent tops.

    I kinda expected around 1352.50 as a bottom, not 1354. What screwed me up is we never had a NYSE Tick capitulation... Not even a single tick under 900 in that downtrend!!!
     
    #12     Apr 23, 2012
  3. Any ideas what is driving this spike up?? Short-squeeze??

    :confused:
     
    #13     Apr 23, 2012
  4. Well... The market internals are pushing.

    I sure ain't shorting nothing until gap fill. :/ Either that or a downtrend... Or a drop in the tick average back to the neutral area.

    You can see my most recent trade setup on this chart.
     
    #14     Apr 23, 2012
  5. I am short once again. Just cashed out from 1354 looking for new low on the day.
     
    #15     Apr 23, 2012
  6. Curious, what level did you short? If you shorted 1363-4 you may have nailed it perfectly.

    There was a giant "potential reversal" signal there in the shorter term, but in the larger picture there is a divergence forming up. See attached.
     
    #16     Apr 23, 2012
  7. Nah, not touching any shorts anywhere today here. Bid is still too strong. Can't short by my rules until at least gap fill at 1368(50% retrace), and I don't trade the last 30 minutes so it's too late.

    Cyall latez...
     
    #17     Apr 23, 2012
  8. newbie, this dipshit blowingup has never made a profit. go read her first post, she promised to never post again after sharing her tax write off.
     
    #18     Apr 23, 2012
  9. Looks like back to the negative.
     
    #19     Apr 30, 2012