Tag Archives: ES

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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Breakdown

Posted on March 9, 2016 by TraderHank
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  Price broke down yesterday through the 1984 level and has found support at the 1977 level which it has tested twice before moving up again to retest the 1994 area.  So now we are ping pong sideways between 1994 … Continue reading →

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Strong rally neutralizes downtrend

Posted on February 8, 2016 by TraderHank
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  Overnight, the ES broke down below the 1863 level to continue the downtrend lower on the 60 minute chart.  Price finally found support for now at the 1821 level, but I feel that there still might be unleft business … Continue reading →

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TGIF

Posted on February 5, 2016 by TraderHank
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  After the ES failed to stay above the 1911 area of mS, price continued lower today to break down below the 1873 support area and finally coming to rest at the 1864 area.  1864 is the mS area on … Continue reading →

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Overnight confusion???

Posted on February 4, 2016 by TraderHank
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  Price broke out above the 1911 area of MR overnight but the area failed to hold on the retest and now price is headed lower probably back down to the 1873 area. Price could find a minor support area … Continue reading →

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T2 target hit and then…

Posted on February 3, 2016 by TraderHank
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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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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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