One thing to monitor is the potential for a doji candlestick to
form on ES, of course we still have 3 hrs to go for the candle (ES
closes at 5 EST an hr after the cash market.
The SPX cash also sports a potential doji as well but has 2 hrs
to go
again we'll have to see how it looks later today, otherwise a
choppy day, don't force trades or over trade
There is a doji, however, the risk/reward is not good: 2017.25
to 2032 (ema(9) ) on the upside versus 2017.25 down to 1992.5 on
the downside. the high of the day yesterday was 2017, 2017.25 is
entry point.
On TF the risk/reward is much better, however, I doubt that $rut
will make it to its ema(9) at 1133.
ES Daily doji potential, still 2 hrs to go however
Posted by matt on 5th of Jan 2016 at 02:11 pm
One thing to monitor is the potential for a doji candlestick to form on ES, of course we still have 3 hrs to go for the candle (ES closes at 5 EST an hr after the cash market.
The SPX cash also sports a potential doji as well but has 2 hrs to go
again we'll have to see how it looks later today, otherwise a choppy day, don't force trades or over trade
There is a doji, however,
Posted by junkie on 5th of Jan 2016 at 07:25 pm
There is a doji, however, the risk/reward is not good: 2017.25 to 2032 (ema(9) ) on the upside versus 2017.25 down to 1992.5 on the downside. the high of the day yesterday was 2017, 2017.25 is entry point.
On TF the risk/reward is much better, however, I doubt that $rut will make it to its ema(9) at 1133.
didn't say it was good,
Posted by matt on 5th of Jan 2016 at 09:57 pm
didn't say it was good, just pointed out. anyway the doji did not form on the ES.
there's a lot of negative's on the chart, especially the bear wedges on the shorter term charts clearly evident on 60, 30, 15 min time frames