ES 2-5-10
Good morning. A quick review.. i expected lower prices this week and wow!. We got em. (see last posts at longer term views). I was looking at 1062.50 (and in fact , bought 1070.50 after the 1059.25 low ). The signs are there however for a rebound attempt real soon! either today, or more likely monday. Below 1095 told me this is a intermediate type correction, not just a steep short term one. To make a long story longer, im expection lower(1015? or 990?)prices eventually, but probably a decent rebound (1059? 1069.75?) first.
Nicely done KOOLS!!!
really i think it wants 1069.75-1072, but its not in the bag cause the daily chart has the low monday.. that usually means late today or early mon. Also,SO FAR THE CHARTS ARE STILL IN A BEARISH POSTURE
Fell asleep and just woke up. It looks like were prime for a late friday or early Monday low as expected!
Click image for original size
SELLING HERE!
SHORT FROM 1055.75
STOPPED OUT FOR A 3 POINT LOSS... STILL UP 6 THO
Note that 1061.25 is a n .886 retrace of the last down leg from 1064 to 1040.75!
Hi KoolBlue,
Glad to see you back posting your thoughts here again.
So do you still think given current setup and context, the probabilities of a bounce on Monday are still good ?
Glad to see you back posting your thoughts here again.
So do you still think given current setup and context, the probabilities of a bounce on Monday are still good ?
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