Author Archives: TraderHank

ES confirms new uptrend overnight

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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…

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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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We have an hourly sideways market…

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  I took Tuesday off after the holiday and made it a great ski getaway weekend and I’m finally back in the saddle.  I was net net short going into the weekend and my portfolio did rather well while I … Continue reading

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Friday’s Afternoon update…

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  Well I did not stick around on Friday long after noon as the market put in a new low at 1849.  We have a new mR area at 1871 which might have to be adjusted higher when the next … Continue reading

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Price failed to confirm uptrend

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  The 1894 minor support area failed to push the ES higher on our first pull back overnight on our failed new uptrend.  Currently we are back down at Major Support where price looks like it wants to hit our … Continue reading

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I think we found a bottom…

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  After retesting Major support this morning at 1894 the ES took off like a rocket breaking out above its prior pivot high at 1894.  If we are in a new uptrend, price should retrace back down near the 1894 … Continue reading

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Not much new overnight…

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  I’ve adjusted our numbers from overnight, I have mR in the ES at 1898 and MS at 1874.  For our trend to continue price would need to move below the 1874 and our 1898 level would become MR.  A … Continue reading

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New uptrend short lived…

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  No sooner than the market opened, ES started to test the mS area at 1931 with in the first hour of trading this area started to break and it was all over, the shorts came in and they sold … Continue reading

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Happy Wednesday Morning

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  Lite news day with crude posting numbers at 10:30 EST.  The ES has managed to confirm our new 60 minute uptrend with price finding mS at the 1931 area.  Targets can be clearly seen at 1965 T1 and a … Continue reading

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Tuesday Afternoon Close

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  Interesting day and boring at the same time trading the ES today.  Price finally broke above the 1929 area but rolled over hard finally finding mS at the 1905 level. Price since has moved on up with the first … Continue reading

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