ES is facing resistance from the 1411.75 downtrend line today so ES could drop all the way down to the 1300 area again. Once ES breaks above the 1411.75 downtrend line then ES is a buy on any pullbacks.

I think if ES does not drop today and continues upwards for the remainder of [...]

My life only gets busier so I don’t know how frequently I’ll be able to post anymore.

ES has dropped below the 1068 uptrend line and is near support around 1338. I think ES will bounce eventually and should at least reach the 1372-1388 range. In particular I’m looking for ES to test the [...]

I have been really busy lately and haven’t been able to trade as much. A few days ago i thought ES would head for 1338.5 after it broke below 1359.25 and it did drop a bit farther to about 1354 but that was it. Now ES has reversed and is still holding above the 108 [...]

ES hit 1388.5 and pulled back, max downside from here on out should be 1375 (50 day moving average). ES could now be beginning a move that carries it over 1420. If you aren’t long yet, figure out a way to get long.

ES should get nowhere close to 1359.25 now. If it does [...]

I’m up early. After breaking below yesterday’s swing low I set an alert for when ES breaks back above 1365 but was a little slow to wake up. If I had to bet on it, I think ES will hold above 1352.5 from here on out and if it does then I believe ES has [...]

ES is gapping up from Friday’s 1365 close and for now it looks like a very strong hold above the 1068 uptrend line. If ES closes around 1373 or higher then ES is a buy tomorrow. But given the candlestick structure over the past 3-4 days this setup is not as good as it could [...]

ES is near support from the 1068 uptrend line. But it still could drop to the gold rectangle that I have drawn in. In particular I am a buyer if ES drops below yesterday’s low because I believe this situation is prone to trap reversal. If ES drops to 1338.5 then I still think ES [...]

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 [...]