Monthly Archives: February 2016

T2 target hit and then…

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  As soon as the market opened price fell apart selling off to our T2 target of 1864 then bouncing back up to our new mS area of 1887.  Price rejected the 1887 area as expected and headed lower but … Continue reading →

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Major Support failed…

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  The market moved lower past the 1911 area of MS just after the market opened today.  Price continued lower all day and as expected, the market moved to the next support area of 1888.  This evening the market looks … Continue reading →

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Tuesday AM update

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  From all indications we have gone sideways on the two hour chart as price action failed to find mS on a pull back to the 1911 area.  The longer we go sideways the better the chances are that we … Continue reading →

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Monday afternoon update ES

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  Today ES price action sold off into mS area of 1911 before rallying late this afternoon and hitting our T1 area of 1933.  At the close price could not stay above the 1933 area, but a high of 1940 was … Continue reading →

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follow thy rules!

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  After several small losing trades today, I finally entered long in the ES this afternoon as lunch time was ending.  Beautiful PBS on the 1 minute chart which broke out to new highs.  Price then retraced back down to … Continue reading →

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