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Author Archives: TraderHank
Breakout!
After the ES retested the 1920 area of MS price rallied to the upside breaking out above the 1940 level to top the day at 1949.75 taking out prior resistance areas at 1943 and 1946. I started to back … Continue reading
Predictions…
Since my last post the ES could not stay above the 1940 area and as predicted price retested the 1897 level to make a new lower low of 1886.41 before rocketing upward all day on Wednesday nearly coming back … Continue reading
Sideways Market
The ES failed to get stay above the 1940 area and is currently trading at 1931.75. If the ES cannot get above the 1940 area and stay above then we could be heading back down to the 1897 mS … Continue reading
Hourly failure leads to big gap up this morning in the SPY
Very predictable as the hourly sell failed going into the close on Friday the Europeans took advantage early this morning and rode the ES all the way up to our MR area of 1940 on the daily chart. A … Continue reading
Posted in ES Market update
Tagged Gap
Comments Off on Hourly failure leads to big gap up this morning in the SPY
Hourly sell failed
An hourly sell triggered Friday afternoon but failed to continue lower as price rallied back up to again retest our area of MR at the 1912 area. Earlier in the morning this area was mR but after several touches … Continue reading
Hourly uptrend over…
Yesterday, the ES managed to work it’s way through the 1916 area of MS finally bouncing to run back up to a first lower high of 1922 before rolling over breaking down past the 1916 area and is currently … Continue reading
Consolidation then higher?
It appears that price has found MR at the 1932 area so now we are ping pong between the 1932 and the 1916 areas. My guess is that price will finally move above the 1932 area and price will … Continue reading
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…