TIME | ALERTS | |
24:29 | Trades -- Scalpers: -2, -1, -1, +2 = -2 Sluggers: -2, -1, -1, ? = ?
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20:48 | Sluggers -- Lower stop to 1590. Current price is 1586.75
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15:39 | Sluggers -- We may have to hold into the night session. Your stop should be at 1592.
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15:30 | Trade #4 -- Scalpers out at 1588 [+2]
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15:10 | Target 1583
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15:07 | Trade #4 -- Sell 1590
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15:07 | Trade #4 -- Sell 1590
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14:27 | Looks like the market is at wave 5, but we don't have any clear signals for a move down yet.
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14:13 | Now we have a wave 5 pattern showing since the bottom at 9:40. We should peak-out around 1593-1594.
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13:32 | Odd behavior in the market today. Standing aside for now.
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13:19 | Trade #3 -- out at 1589 [-1]
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13:19 | Exit at 1589
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12:48 | May have to get out of this one if it stalls here.
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12:28 | Trade #3 -- Buy 1590
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12:28 | Yup, reversal being ignored. Should continue high to around 1594, then the 1:05 reversal should kick in.
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12:15 | Another reversal at 1:05 It is lunch hour now. Not much happening. The 12:10 reversal may not affect the market.
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12:11 | We have conflicting signals.
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12:06 | There she goes. Now the reversal could send us lower. Watching and waiting. BTW: Lowering the stop was not a boo-boo. Saved us a point.
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11:58 | Chart update. See the pennant on the 10- and 15-minute charts.
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11:56 | This would suggest a 7 or 8 point move higher.
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11:54 | With the sideways pattern and a reversal at 12:10, you would expect a continuation of the trend which in this case would be up.
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11:40 | I think I pulled another Rob "lower the stop too soon boo-boo"
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11:36 | Chart update
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11:34 | Reversal at 12:10
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11:31 | Trade #2 -- Stopped out at 1587 [-1]
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11:27 | Trade #2 -- Lower Stop to 1587
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11:05 | Trade #2 -- Sell 1586
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10:20 | Be ready to short again.
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10:03 | Trade #1 -- Stopped out at 1583 [-2]
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09:45 | Looks like a little rally is due here. Remember I am not posting Stops. You should automatically place a fixed 2-point stop on all trades unless instructed to do otherwise.
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09:37 | 1577 is the target
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09:35 | Trade #1 -- Sell 1581
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09:30 | Watching for another top, then down we go.
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09:29 | ES is riding the top blue line. It will drop to the bottom blue line.
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09:27 | See chart update.
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