Author Archives: TraderHank

The Bear Slaughter Continues…

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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

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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…?

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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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2015 hit

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  Finally my 2015 area of mS was hit this morning and I was able to back ratio my 209/210 call credit spread by 1 contract.  So I took a small profit on my short leg and my position is … Continue reading

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Sideways

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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?

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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…

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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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Blue Sky

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  We are set to close the week up again, 5 weeks of buying and currently we are trading at the 2036 range and I’m out of targets on the hourly chart.  My nearest ES target is from the Daily … Continue reading

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It’s so Pristine…

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  In this business you have to really trust your method and at times you are going to doubt your method and that is normal.  Lucky that I’m in complete bliss with the Pristine method.  Here is the chart of … Continue reading

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Wide Ranges

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  After yesterday’s breakout to a high of 2010.50 price fell back below the key 1994 area of mS and continued lower taking out MS at 1977 and finally finding a support area at 1966.82.  Price since has rallied all … Continue reading

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