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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?


To: rkchris who wrote (9004)9/13/2012 2:01:07 PM
From: Joseph Silent  Read Replies (2) | Respond to of 41117
 
We have cracked the yellow line above in my previous chart. Only by looking at patterns,

I estimate that we are in a 10-point vicinity of a short term top. That means I have a guess that it could top anywhere between today's high (1455.5) and today's high + 10 (approx 1465).



To: rkchris who wrote (9004)9/20/2012 10:50:42 PM
From: rkchris  Respond to of 41117
 
The ES has had 4 consecutive tds with settles @ or near 1453.02 sppt(previously resistance, now sppt). Looks like this has been the short term line in the sand for the imminent bullish b/o to new reaction highs. They most likely cleared out the stops today below 1450 in anticipation of the b/o. Would b no surprise to see this upleg begin on Thurs, td #5(fib) ....

9/17 settlement - 1454.00
9/18 settlement - 1453.00
9/19 settlement - 1453.25
9/20 settlement - 1453.75