Author Archives: TraderHank

Friday AM

Share Button

  Overnight the ES managed to move above the 1833 area which ends the downward threat of a selloff.  Our T1 is the 1877 area which is a nice large area for the day trader, it could be an excellent … Continue reading

Posted in ES Market update | Tagged | 1 Comment

Back To Sideways…

Share Button

As the market was nearing the lows of the day near the 1802 area news came out saying that the Saudi’s were going to cut oil production.  After the news price took off like a rocket upward going all the … Continue reading

Posted in ES Market update | Tagged | Comments Off on Back To Sideways…

Break Out Failure

Share Button

  I did not get a chance to update my blog yesterday where the ES had broke out above the 1857 level but by the afternoon this level failed to act as the new floor. Overnight price crashed through the … Continue reading

Posted in ES Market update | Tagged | Comments Off on Break Out Failure

60 minute Chop

Share Button

  Overnight price action in the ES confirmed our sideways price action bouncing off the 1857 MR area and selling off hard down to the MS area of 1821 but coming up short and rallied off of the low of … Continue reading

Posted in ES Market update | Tagged | Comments Off on 60 minute Chop

Strong rally neutralizes downtrend

Share Button

  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

Posted in ES Market update | Tagged , | Comments Off on Strong rally neutralizes downtrend

TGIF

Share Button

  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

Posted in ES Market update | Tagged , | Comments Off on TGIF

Overnight confusion???

Share Button

  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

Posted in ES Market update | Tagged , | Comments Off on Overnight confusion???

T2 target hit and then…

Share Button

  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

Posted in ES Market update | Tagged , | Comments Off on T2 target hit and then…

Major Support failed…

Share Button

  The market moved lower past the 1911 area of MS just after the market opened today.  Price continued lower all day and as expected, the market moved to the next support area of 1888.  This evening the market looks … Continue reading

Posted in ES Market update | Tagged , | Comments Off on Major Support failed…

Tuesday AM update

Share Button

  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

Posted in ES Market update | Tagged , | Comments Off on Tuesday AM update