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Previous Intraday Trading Session: [ 4/22/2013 ]

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TIMEALERTS 
16:00TRADES --
Scalpers: +2, +0.75 = +2.75
Sluggers: +4, +0.75 = +4.75

 
15:36Sure looks like it wants to go higher.

 
15:07Trade #2 -- oput at 1558.25 [+0.75]

 
15:06Everybody should take profits at 1558.25

 
15:02This is taking too long. Lower Stops to 1560.

 
14:59Sluggers should be shooting for 1555.50.

 
14:54If the current candle closes above 1559.50, exit the trade.

 
14:49Trade #2 -- Sell 1559 -- Stop 1561

 
14:43This may be a selling opportunity.

 
14:37see chart

 
14:36We are at the top of the big wedge.

 
13:54Hinting it wants to go lower.

 
13:46chart update.

 
13:40The wave 5 pattern worked out nicely. If 1555.50 holds as the top, then a move down is to be expected. May sell on a move below 1552.50.

 
12:42Looks like ES is headed for wave 5 of a wave pattern that started at the 10:30 low.

 
12:30Note in the chat room

 
12:22see chart

 
12:21Print 1553
The original limit for Sluggers was 1553. I based that on a 78% retracement, but the market got sluggish so I lowered it to the top of the flag pattern at 1551.50.

 
12:06Trade #1 -- Sluggers out at 1551.50 [+4]

 
11:42Sluggers should take 1551.50

 
11:41Trade #1 -- Scalpers out at 1549.50 [+2]

 
11:27Sluggers should be looking for 1553.

 
11:25Chart update

 
11:13Moving sideways. That usually means the market will move more in the direction of the previous trend which in this case was up.

 
10:51In @ 1547.50

 
10:46Trade #1 -- Buy 1546 -- Stop 1544

 
10:11Doesn't look that way now.

 
09:56Looks like a possible reversal to the up side forming now.

 
 
 
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