1625 has been thoroughly tested now....If we breach it on Tuesday, could get ugly.
But if bears fail to get the rout going early next week, then I would look to seriously ease up on shorts for now....this looks like very big pivot zone for ES.....
ES
Started by
K Wave
, Aug 30 2013 03:12 PM
2 replies to this topic
#1
K Wave
-
- Traders-Talk User
- 26,890 posts
Member
Posted 30 August 2013 - 03:12 PM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#2
kssmibotm
-
- Traders-Talk User
- 653 posts
Member
Posted 30 August 2013 - 03:35 PM
But if bears fail to get the rout going early next week, then I would look to seriously ease up on shorts for now...
There is strong bullish seasonal bias for next Tues and Wed.
http://marketsci.wor...-for-september/
Perhaps the market goes sideways early and then flushes late in the week?
KMB
People think the Holy Grail is something looked for but never found. In fact, it is something often found but rarely recognized.
#3
risk_management
-
- Traders-Talk User
- 1,772 posts
Member
Posted 30 August 2013 - 03:53 PM
But if bears fail to get the rout going early next week, then I would look to seriously ease up on shorts for now...
There is strong bullish seasonal bias for next Tues and Wed.
http://marketsci.wor...-for-september/
Perhaps the market goes sideways early and then flushes late in the week?
KMB
That's the way it looks like it right now. Should hold early in the week with slight up bias and after that things can get nasty. But let's do one day at a time.
