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Tag Archives: Sideways
Sideways
Not much to say or do right now with the price action in the ES. We have gone sideways for the last 4 days playing ping pong from 2028.50-2044.77 areas. I’m still looking for a pull back to mS (minor … Continue reading
Sideways Market
The ES failed to get stay above the 1940 area and is currently trading at 1931.75. If the ES cannot get above the 1940 area and stay above then we could be heading back down to the 1897 mS … Continue reading
Back To Sideways…
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
Strong rally neutralizes downtrend
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
Sideways
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
Hourly sideways trend
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
We have an hourly sideways market…
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