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Monthly Archives: February 2016
Up up and away…
Price in the ES has just continued higher hitting our T1 area 1915 and our T2 area of 1922. Currently price is consolidating near the 1922 area and price looks like it wants to test our next target of … Continue reading
Rally continues
Price continued to our T1 and moved past our T2 areas to set a new high at 1892.50. Our new mS area at 1877 is being tested for the 2nd time, if price can go higher from here, the … Continue reading
Great Traders know what to do and when to do it…
And they do it! Friday’s price action came to me as no surprise as I watched the ES sell off for the first 30 minutes, hit mS at 10 am reversal time and rally. I should have been all … Continue reading
Posted in ES Market update, Uncategorized
Tagged Great Traders
Comments Off on Great Traders know what to do and when to do it…
Friday AM
Overnight the ES managed to move above the 1833 area which ends the downward threat of a selloff. Our T1 is the 1877 area which is a nice large area for the day trader, it could be an excellent … Continue reading
Back To Sideways…
As the market was nearing the lows of the day near the 1802 area news came out saying that the Saudi’s were going to cut oil production. After the news price took off like a rocket upward going all the … Continue reading
Break Out Failure
I did not get a chance to update my blog yesterday where the ES had broke out above the 1857 level but by the afternoon this level failed to act as the new floor. Overnight price crashed through the … Continue reading
60 minute Chop
Overnight price action in the ES confirmed our sideways price action bouncing off the 1857 MR area and selling off hard down to the MS area of 1821 but coming up short and rallied off of the low of … Continue reading
Strong rally neutralizes downtrend
Overnight, the ES broke down below the 1863 level to continue the downtrend lower on the 60 minute chart. Price finally found support for now at the 1821 level, but I feel that there still might be unleft business … Continue reading
TGIF
After the ES failed to stay above the 1911 area of mS, price continued lower today to break down below the 1873 support area and finally coming to rest at the 1864 area. 1864 is the mS area on … Continue reading
Overnight confusion???
Price broke out above the 1911 area of MR overnight but the area failed to hold on the retest and now price is headed lower probably back down to the 1873 area. Price could find a minor support area … Continue reading