Candle Pattern


ES 15min. @ 8:30 bear harami / 9:15 bear engulf / if we
close above could be a further move up
7pm est ES @ 1198.50 that would put SPX bout 1202.16 imo.
i started laying my shorts... i don't care now if es shoots above 1200 for awhile.. this thing will go back down to close the gap imo.
I'm with ya leo..only challeneg is that Monday is the worst day for gap fills but I'm rooting for us
is this based on your premium work and fair value red???
Originally posted by redsixspeed

7pm est ES @ 1198.50 that would put SPX bout 1202.16 imo.
Where the Gap could be filled on ES? I believe in 1194.25. What you think
Originally posted by BruceM

is this based on your premium work and fair value red???
Originally posted by redsixspeed

7pm est ES @ 1198.50 that would put SPX bout 1202.16 imo.



yes Bruce
thanks Red...My overnights are done at 91.50..That's one point away from the 90.50 which was fridays breakout number late in the day
Originally posted by redsixspeed

7pm est ES @ 1198.50 that would put SPX bout 1202.16 imo.


====================================================================
To clarify. I was looking for a reversal @ the 1199.00 area
rather than the ES moving above the 1200.00 area
The last chart I posted had a projection to 1206.25. SPX is @
1204.25 as I type. Another trader has 1209.00 and Kool says
more up 4/15. We may make it yet.

Then look for the pullback..
SPX just hit my projection 1206.25. That may stall us here
we'll see.
I don't trade with MAs ... but recently I started looking at them .. I have set up a quad chart with different time frame of MAs .. Today at 11:30am et. all four MAs came together and in fact price hit them about the same time .. I just got started with this so I'll post what I see from time to time .. looks good so far .. My intent is to use them as a confirming tool not a primary ...