These charts show symmetry (similar moves) on the ES regarding
the recent pullback...this level on ES 1319.75 in now a pivotal
support level. The bulls want to see higher lows on pullbacks with
an attempt to reach the 1.27 target shown on the daily
chart.
lamb - the SPX just grinding higher...the key will be the nature
and extent of next pullback. The SPX breaking above highlighted
resistance last night opened door for larger move to upside.
Posted by frtaylor on 13th of Jul 2012 at 01:36 pm
On the 5-min chart, we've been over 80 from the open today on
the 60 period stochastics. If that holds EOD then you can go
short EOD and close it probably in the morning on Monday for a
gainer. Check w/ Matt if you're not familiar w/ this trade
setup.
ES Views
Posted by steve on 13th of Jul 2012 at 11:34 am
These charts show symmetry (similar moves) on the ES regarding the recent pullback...this level on ES 1319.75 in now a pivotal support level. The bulls want to see higher lows on pullbacks with an attempt to reach the 1.27 target shown on the daily chart.
Steve any recent views of the S&P
Posted by lamb on 13th of Jul 2012 at 01:33 pm
any top out views for today?
lamb - the SPX just
Posted by steve on 13th of Jul 2012 at 01:54 pm
lamb - the SPX just grinding higher...the key will be the nature and extent of next pullback. The SPX breaking above highlighted resistance last night opened door for larger move to upside.
On the 5-min chart, we've
Posted by frtaylor on 13th of Jul 2012 at 01:36 pm
On the 5-min chart, we've been over 80 from the open today on the 60 period stochastics. If that holds EOD then you can go short EOD and close it probably in the morning on Monday for a gainer. Check w/ Matt if you're not familiar w/ this trade setup.
speaking of which, the 50
Posted by frtaylor on 13th of Jul 2012 at 01:38 pm
speaking of which, the 50 ma on the 5 min chart is coming, should get a bounce off of that.