ES Tuesday 2/25/14


  • 3
  • bkay59
  • 25-Feb-2014 at 9:08 AM
  • Rep: 2,620
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Good morning. I'm still looking at that 4600 number as a critical bull/bear line this morning. We tested it a couple of times O/N and got pushed back. I also have a t pivot right at that number and the VAL from yesterday is just below at 4500. So we either saw a spike above value and we have reentered the range or they will try again to push above. Will we open in value or not?? We are flirting with that now 9:08 est. Good luck all.
  • 4
  • BruceM
  • 25-Feb-2014 at 9:15 AM
  • Rep: 216k
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thanks for kicking us off Bkay...and great work yesterday...

here's what I have...yesterday is sloppy and I have an obsession with the On midpoint ..wherever that falls today as a target
Click image for original size
esh4



and a video with some babble about context etc
No video below? Try this link: summary.swf









as it stands now I am trading for a retest of 43.75..and will try small shorts at 9:15.....better trades will be in day session but will try off of 45.50 now
  • 1
  • bkay59
  • 25-Feb-2014 at 9:25 AM
  • Rep: 2,620
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Thanks Bruce. I too would say I'm leaning bearish today. Considering we made that move up through 50 and then had the weak close below it. I guess we'll see how it plays out.
  • 1
  • bkay59
  • 25-Feb-2014 at 9:27 AM
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Also for anyone watching, Consumer Confidence at 10:00 am est, just be careful trading around the report.
  • 2
  • BruceM
  • 25-Feb-2014 at 9:28 AM
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ideal first sells in RTh will come between 46.25 and 47.75......that 1.5 range is my first good spot in RTH..
  • 1
  • BruceM
  • 25-Feb-2014 at 9:32 AM
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  • Posts: 19.9k
starting RTH shorts at 47.50
  • 1
  • BruceM
  • 25-Feb-2014 at 9:33 AM
  • Rep: 216k
  • Posts: 19.9k
will use 44 as ultimate target but will try to get 2.5 points off the high if we r lucky
  • 2
  • BruceM
  • 25-Feb-2014 at 9:36 AM
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  • Posts: 19.9k
best fill is On midpoint.. a beauty !!
  • 0
  • bkay59
  • 25-Feb-2014 at 9:36 AM
  • Rep: 2,620
  • Posts: 497
Got your mid point test, way to go!
  • 0
  • ackwired
  • 25-Feb-2014 at 9:56 AM
  • Rep: 860
  • Posts: 140
Good call to not take longs!
  • 0
  • bkay59
  • 25-Feb-2014 at 9:58 AM
  • Rep: 2,620
  • Posts: 497
I like this break of 40 but too close to reports for me
  • 1
  • BruceM
  • 25-Feb-2014 at 1:38 PM
  • Rep: 216k
  • Posts: 19.9k
I refreshed my data and there is no double top at the highs...just an FYI if somebody was trying for that high
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