Category Archives: ES Market update

Tuesday AM update

Posted on February 2, 2016 by TraderHank
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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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ES weekend update

Posted on January 30, 2016 by TraderHank
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  The ES finally broke out of the 1905 area and managed to close at 1931.25 ending the downtrend on the Daily chart.  The first pull back to the 1905 area should be defended by the bulls and this will … Continue reading →

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Sideways

Posted on January 28, 2016 by TraderHank
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  Overnight and today, the ES has confirmed its wild sideways movement.  I’m suspecting a move lower but we will have to wait and see.  A very wide sideways area, our MR is 1910 now and our MS is at … Continue reading →

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FOMC Aftermath

Posted on January 27, 2016 by TraderHank
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Today at 11:15 am EST the market broke out above the 1900 area to a high of 1910 which, if held, would have ended the downtrend on the Daily chart.  By 2 pm, the market gave it all back and … Continue reading →

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Pre FOMC update

Posted on January 27, 2016 by TraderHank
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  I’ve updated our support and resistance areas to reflect the last price action.  I’ve drawn in MS at the 1877 level since price bounced off this area several times overnight.  So currently we are in a ping pong from … Continue reading →

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Hourly sideways trend

Posted on January 26, 2016 by TraderHank
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  After hitting the 1851 area the ES has managed to go all the way back up to the 1904 area and is beginning to roll over as we close the day of trading on Wall Street.  We have a … Continue reading →

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Overnight target hit

Posted on January 26, 2016 by TraderHank
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  After the price violation of mS on Monday price continued lower to our T1 area of 1855 slightly moving lower to 1851 then bouncing overnight to our mR area where price should sell off here again and head back … Continue reading →

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Daily price action confirms downtrend

Posted on January 25, 2016 by TraderHank
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  Well, things pretty much worked out the way I described over the weekend in the ES.  Price could not make it over the 1908 area and basically rolled over selling off hard near the end of the day confirming … Continue reading →

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ES confirms new uptrend overnight

Posted on January 22, 2016 by TraderHank
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  The ES moved above MR the 1876 level overnight and is currently at 1888.  My first target is 1907 where I’ll be looking to trade a CCS or a PDS depending on the volatility.  We should see price get … Continue reading →

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The market is “Ping Pong” sideways…

Posted on January 21, 2016 by TraderHank
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  I was right this morning about our sideways market but I had to draw in the 1835.75 area of Major Support MS raising it from 1804.  Like I said this morning, the longer we go sideways, the bets are … Continue reading →

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