Thursday, November 5, 2009

Do you see what I see?

UPDATE: 12:30 PM

This bounce could be a nice bull trap so keep this possibility in mind and watch this levels as on 5 min ES is showing a possible H&S and it could drop and fill the gap.


If you are long I would certainly suggest you to start scaling out.

Good luck.

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Good morning people,

Ahh what a wonderful morning and what a wonderful day. LOL nothing new it's just my B'day today. Today I say my good byes to 20s and Say hello to 30s.

Yes I turned 30 today. And to celebrate that I want ES to rally to 1065 today.

Anyways, here's my chart of the day. I hope you guys see what I see on the chart.

Target on ES around 1064-1066 area. we could get an initial drop to fill the gap and then rally back up. With unemployment report I don't see us dropping all the way to 1038-1039 area but those are the key levels to watch. If ES break 1037 we are clearly heading towards 1011-1008 area.


Same expectation for TF a bounce to 580 area.

Good luck and here's the song for you to enjoy.



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