Posts by: spycharter
On the daily chart, Gold could be setting up for a sell tomorrow. But based on the weekly chart that I have shown, Gold is still in the general vicinity of holding the 681 uptrend line. That is if the sell setup fails tomorrow or if Gold rallies big time today then it would be [...]
Over the past few days ES has not even tested the 50 day moving average and held well above it and the support that I had drawn in. This is bullish and I think the time to buy ES is near, but I’d still like to wait today and see how the market trades. I’m [...]
The previous two times (blue rectangles) that ES has dropped to old support it has quickly rallied to new highs. This time may be no different, but if you notice the previous two rallies off of old support have been hard to catch if you don’t day trade. So if you are aggressive and trying [...]
I wanted to clarify my stance on ES today. We’re in an incredible uptrend. You could have bought ES at anytime over the past 3-4 months and as long as you were willing to hold for more than 5 days then you have profited. So it seems the obvious move is to simply buy and [...]
I don’t have the time to look at this setup in great detail but it is compelling and attracted my attention this morning. The dollar could be setting up to head over 80.5.
…I’m sure ES will find some way to reverse back to the upside. In particular if ES drops a lot today say down to 1390 then even though it appears that ES is pulling back I wouldn’t be surprised to see a trap reversal take place tomorrow. Support is at 1388.5 (20 day moving average). [...]
This is the trade that I’m going to focus on this week. The treasuries could be setup for a good sell on Wednesday. I could get short the treasuries right now and put my stop at Friday’s high. It might work, it might not. A better opportunity is if the treasuries go above [...]
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- I swear they ran that up to 1158 just to blow my stop 2011/09/29
- ES is at 1154, moving stop to 1157.75 2011/09/29
- Short ES@1158, stop=1162 2011/09/29
