E-Mini SP 500

[tradepuppy]

And then back to the '06 lows?

notice what its aiming to do.

 

[Xymox]

given the macro situation sure,... xlf ETF is a good chart analog. I anticipate we see 1460 first.. before breaking the trendy... too many people short, so MM's have to counter the sentiment to wipe out positions.

 

[Xymox]

channel intact...long term MA's indicate bull market has chance still to progress.

 

[Xymox]

I expect a selling climax of sorts.. but the trend definitly feels down.. I expect sell signals.. in spooz/dax/ftse/cac/.........

the markets just don't feel right ..

 

[Xymox]

the selling climax... for routed by short squeezes using large sums of money..

expecting 1520..

 

[Xymox]

expecting 1420 now.

 

[Xymox]

holiday spirit will be over in a few days..

 

[Xymox]

holiday spirit over a few days ago.. and 1420..

 

[Xymox]

TrendlinesSupportResistance.wmv

4 and half hour vid...

 

[Xymox]

expect a basing out pattern ...retest of 1260...then 1420 again...

 

[Xymox]

expect a basing out pattern ...retest of 1260...then 1420 again...

market counter currents, indicating a stupendous decline will be at hand...forget 1420, it looks like 920 more likely. There are a lot of warning signs.

 

[jacson101]

market counter currents, indicating a stupendous decline will be at hand...forget 1420, it looks like 920 more likely. There are a lot of warning signs.

Looks like we'll elevate a bit higher for awhile as a result of negative real interest rates. or until inflation gets put on the front burner, so to speak.

 

[Xymox]

yeah..

Oil will overhang the market ...tying up the market in a trading range of sorts.. 1440-1240...

 

[Xymox]

Forums - ES Journal

some trading points..

 

[ES_RC_Trader]

Channel works wonder

Channels have a high degree of adherence in the market.

I agree that Channels from 15min and 5min chart works wonder to predict
the S/R of ES. Tonite's ES movement is well predicted by Channels, drawn 8 days ago.
Its been effective for past 8 days on ES's S/R !

 

[new_trader]

I agree that Channels from 15min and 5min chart works wonder to predict
the S/R of ES. Tonite's ES movement is well predicted by Channels, drawn 8 days ago.
Its been effective for past 8 days on ES's S/R !

Predict!? You posted the chart at 10:25pm, 1 hour and 10 minutes after the close of trading. A bit late to say it predicted "tonight's" movement..Why don't you post your chart now predicting today's movement?

 

[Xymox]

yeah..

Oil will overhang the market ...tying up the market in a trading range of sorts.. 1440-1240...

almost at the bottom...of range..

 

[Xymox]

ride the volatility..........whichever direction it takes you.

 

[Xymox]

channel

 

[jacson101]

almost at the bottom...of range..

relative breather for inflation, hmmm.
uber call in ES.:-0
looking for 11-12 handles in NG through the rest of the year.

... took a few days R&R and got touched in commodities, ouch...lol