Member
Posted 10 January 2018 - 07:10 AM
Good Morning! 1210 Am here in Manchester UK
Updated channel please Iloli!
Ive taken 1/3 profit ES 2739 area for 12 points total.
H/S target exceeded. market finding support @ the flattening 5dma around ES 2736/7. Break of this sets us up for a move to 2722-7 .
Momentum is waning/sentiment very frothy and its WWW.
market could easily whipsaw back up and clear short stops.. so I plan to be nimble
Edited by salam, 10 January 2018 - 07:11 AM.
Member
Posted 10 January 2018 - 08:29 AM
Im curious why your upper line on the third rally is different than the other two. If you place it at the top where your first P is, the market is breaking out over the top?
Edited by 12SPX, 10 January 2018 - 08:30 AM.
Member
Posted 10 January 2018 - 09:56 AM
Covered again at ES 2736 after exiting previous covered long @ open
iloli = I'm Laws Of Line's I(eye)
Posted 10 January 2018 - 09:57 AM
Nice to see a doji candle and also the SP close below it’s daily volume weighted average.
Futures should pop up higher pre market nevertheless, to retest your shorting line!
However, if we drift lower while I sleep, this could be a good WWW buying op
6pm here Calif time ES:
iloli = I'm Laws Of Line's I(eye)
Posted 10 January 2018 - 09:58 AM
Well we closed below your shorting line! Could be a good risk reward on the bear side tomorrow
Sure did, here same line in expanded channel at SPX close today:
Member
Posted 10 January 2018 - 09:59 AM
Closed half ES long@ 2739.4 Rest with 3 point stop> making some fast money... lets see if they can bounce it back up to resistance
Thanks for the updated charts! Outstanding as usual!
Edited by salam, 10 January 2018 - 10:04 AM.
iloli = I'm Laws Of Line's I(eye)
Posted 10 January 2018 - 10:11 AM
Nice to see a doji candle and also the SP close below it’s daily volume weighted average.
Futures should pop up higher pre market nevertheless, to retest your shorting line!
However, if we drift lower while I sleep, this could be a good WWW buying op
6pm here Calif time ES:
BINGO!
Member
Posted 10 January 2018 - 10:18 AM
closed rest of long@ ES 2744 back to net short
Member
Posted 10 January 2018 - 11:36 AM
Maybe the Buy was at 2736?
it is WWW after all! Not planning to add any more.
Ideal scenario is we break 2736 and retest 2722 tonight/tomorrow and rally back to resistance
Member
Posted 10 January 2018 - 12:47 PM
amusing how the shorts are covering; we are back in the channel and at resistance 3 point stop on my short from ES 2749
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