ES Tuesday 11/19/2013

Today is difficult for me , but i will probably sell more than buy...


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Thanks for the posts Kool. I also have a major # at 1777 my 55 ema

Ishould point out one more thing.. i noticed the Dow was positive yesterday and the Dow usually leads the s&p.. thats says nothing about today, but is a strong indication the s&p500 will make new highs soon. one more thing.. the 60 min chart can certainly be turnd positive ,but it would take several hoursof trading above its black avg(pretty much all day) and im guess ing that may not be in the cards.

here's what i have....good luck today

Great chart, Nick.. you think they go for that 96 level on your chart? I have cycles very positive for the firt 20-30 min at least.

There is the 96 res

that is the breakdown spot from yest so it is a possibility...91-92.5 could be resist first imo

Originally posted by koolblue

Great chart, Nick.. you think they go for that 96 level on your chart? I have cycles very positive for the firt 20-30 min at least.

I am seeing a positive divergence here.

well, if u weren't trying to be cute (like i was) u could have shorted 89.5 (one the of the zones marked in the chart i posted and bottom of yest big lvn) and taken it right to that little zone at 83.75-84.75...i did not try a long there, my preferred area was a little lower at 82.5 so watching here as we attempt a stab at 92.5...shorts need to be nimble here...a break above 92.5 targets 95-96.5 and new highs are a whisper away...pretty strong buying off the lows so we have to assume the big guys bought the dip and will dirve it eventually to new all time highs (perhaps not today but might be on deck soon)

Good call on the 92.50 area Nick

thanks, i thought they would drive it there first this morning (especially ince the o/n high was at 91.25), so i was left behind on the short...but 89.5 was a valid level to short off the open and that is why i had it on my chart...so kicking myself for not taking it once we rejected it after a mini doulbe top there

Originally posted by bkay59

Good call on the 92.50 area Nick

Pretty low range 12 handle day , and no real progress for the market. I suspect we put in a bottom tomorrow and begin to move up but we will see. Hope you guys did better than me today!.. c ya!