Author Archives: TraderHank

Monday afternoon update ES

Posted on February 1, 2016 by TraderHank
Share Button

  Today ES price action sold off into mS area of 1911 before rallying late this afternoon and hitting our T1 area of 1933.  At the close price could not stay above the 1933 area, but a high of 1940 was … Continue reading →

Posted in Market Update | Tagged | Comments Off on Monday afternoon update ES

follow thy rules!

Posted on February 1, 2016 by TraderHank
Share Button

  After several small losing trades today, I finally entered long in the ES this afternoon as lunch time was ending.  Beautiful PBS on the 1 minute chart which broke out to new highs.  Price then retraced back down to … Continue reading →

Posted in Market Trade | Tagged | Comments Off on follow thy rules!

ES weekend update

Posted on January 30, 2016 by TraderHank
Share Button

  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 →

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

Sideways

Posted on January 28, 2016 by TraderHank
Share Button

  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 →

Posted in ES Market update | Tagged | Comments Off on Sideways

FOMC Aftermath

Posted on January 27, 2016 by TraderHank
Share Button

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 →

Posted in ES Market update | Tagged | Comments Off on FOMC Aftermath

Pre FOMC update

Posted on January 27, 2016 by TraderHank
Share Button

  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 →

Posted in ES Market update | Tagged | Comments Off on Pre FOMC update

Hourly sideways trend

Posted on January 26, 2016 by TraderHank
Share Button

  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 →

Posted in ES Market update | Tagged , | Comments Off on Hourly sideways trend

Overnight target hit

Posted on January 26, 2016 by TraderHank
Share Button

  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 →

Posted in ES Market update | Tagged , | Comments Off on Overnight target hit

Daily price action confirms downtrend

Posted on January 25, 2016 by TraderHank
Share Button

  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 →

Posted in ES Market update | Tagged , | Comments Off on Daily price action confirms downtrend

Weekend update

Posted on January 23, 2016 by TraderHank
Share Button

  Since it’s the weekend let’s check out our larger time frames in the ES.  The monthly uptrend is still intact, we would have to close below 1785 for the uptrend to end. ES Monthly The weekly closed with a … Continue reading →

Posted in Uncategorized | Comments Off on Weekend update