Category Archives: ES Market update

2106.50 double top or new high?

Posted on June 5, 2016 by TraderHank
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  As price sold off and headed to my 1932.50 target area, price action was able to find minor support much higher at the 2020.50 area.  Since price has rallied hard and should breakout above the 2106.50 area if the … Continue reading →

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ES testing Major Support MS

Posted on May 18, 2016 by TraderHank
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  Price is currently trading @ 2037.50 and looks like it’s going to test the Daily MS area at 2054.50.  A break below MS will confirm our newly formed downtrend on the daily chart.  050182016 ES Daily After a year … Continue reading →

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Daily uptrend in the ES ended with the break of 2071

Posted on April 29, 2016 by TraderHank
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  I’ve been focusing so hard on the 60 minute chart while day trading the ES I almost overlooked today’s break of the 2071 area which officially ends the uptrend on the ES on the daily chart.  The weekly bar … Continue reading →

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The moment of truth for the ES…

Posted on April 7, 2016 by TraderHank
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  For the past 7 days price has basically gone sideways on the daily chart of the ES but now appears price wants to move lower.  The 2035 area is key, if price moves below this area of Major Support … Continue reading →

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The Bear Slaughter Continues…

Posted on March 30, 2016 by TraderHank
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  Overnight Price has pushed through the 2048.33 area becoming minor support (mS) and is knocking at the door of our 2067.75 area or T1.  T2 is close by at 2091 and the longer target found off the Weekly chart is … Continue reading →

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T1 2067.50

Posted on March 29, 2016 by TraderHank
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  After Fed Chairwoman Yellen spoke today the market took off like a rocket and since my portfolio was net net long I was thrilled to say the least.  I can see my T1 target from here, and T2 is … Continue reading →

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Bullish…?

Posted on March 28, 2016 by TraderHank
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  Price recovered after today’s retest of the 2022 area of the ES and formed a spinner type bar on the Daily chart.  I was real happy with my trades from Friday, and the market held up good today even … Continue reading →

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Sideways

Posted on March 23, 2016 by TraderHank
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Not much to say or do right now with the price action in the ES.  We have gone sideways for the last 4 days playing ping pong from 2028.50-2044.77 areas.  I’m still looking for a pull back to mS (minor … Continue reading →

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5th day up will the bar close green?

Posted on March 22, 2016 by TraderHank
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  Our hourly price chart is still sideways with pricing moving from the 2043 price area back down to 2030.  It has been ping pong since last Thursday but this morning price is hanging out at the lows and may … Continue reading →

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Waiting…

Posted on March 21, 2016 by TraderHank
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  Currently the ES price action is sideways on the hourly chart but I’m really waiting for price to come back down and hit the 2015 area so I can back ratio my 209/210 call credit spread, exp. May 20th, … Continue reading →

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