Tag Archives: ES

Hourly sideways trend

Posted on January 26, 2016 by TraderHank
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  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 →

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Overnight target hit

Posted on January 26, 2016 by TraderHank
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  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 →

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Daily price action confirms downtrend

Posted on January 25, 2016 by TraderHank
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  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 →

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ES confirms new uptrend overnight

Posted on January 22, 2016 by TraderHank
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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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Price failed to confirm uptrend

Posted on January 15, 2016 by TraderHank
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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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Not much new overnight…

Posted on January 14, 2016 by TraderHank
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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…

Posted on January 13, 2016 by TraderHank
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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

Posted on January 13, 2016 by TraderHank
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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

Posted on January 12, 2016 by TraderHank
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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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ES update for Monday 01/22/2016

Posted on January 11, 2016 by TraderHank
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  Kinda of a boring day today as the ES came down to test the Major Support area of 1893 before bouncing.  We are currently sideways from 1928-1893 and the longer this market continues sideways, the more likely we will … Continue reading →

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