
Steve
56 posts



The best long in years continues to print in #ES_F from our original 6793 Failed Breakdown on Sunday. Today's targets given 8am + newsletter were 7103, 7116, 7131 (all hit). Bonus slate today was 7154 (just hit), 7162, 7177. Nothing to do but ride it and get paid until we dip

While its only 9:10AM, all targets for today have been completed already in #ES_F as our runner from Sunday's 6793 long keeps paying. Today's targets given 8am and in newsletter were 7103, 7116, then 7131. All hit. Ride that runner. 7154, 7162, 7177 today's bonus slate


We are officially +100 points on our long from the 6793 Failed Breakdown last evening in #ES_F (for those who missed it, I gave the 6809 Reclaim at 8am). Targets given were 6848 main (hit). Bonus were 6872 (hit), 6886 (hit), 6903 (almost). Lots more ahead. 6912, 6937 next above


In #ES_F, all Sunday gaps down produces a bear trap/Failed Breakdown. I tweeted 6:01PM that 6793 reclaim triggers up. We triggered 8:45PM. Targets were 6802 1st (hit), 6818-22 2nd (hit) Plan: Ride runner. 6802, 6793=support. 6809 reclaim sees 6818-22, 6832, 6848-50. Dip<92 to 80


Gap down open for #ES_F as we finally get a healthy retrace after last weeks relentless 280+ point rally following Tuesday's 6592 Failed Breakdown. Bulls must recover 6780 and 6793 now to rally to 6802, 6818-22, 6848. Next supports down are 6744, then 6716



Closing update #ES_F: 6426 support as posted and ES agrees stuck around here for 1hr. Quick spike down to 6412 just now. This is a big zone that ES will need to defend or trap/recover off Sundays open. 6454 reclaim then starts us up. Newsletter out soon with next supports/entry






Slow motion grind down in #ES_F and bears retain control below 6575 - 100 points higher. We backtested after 4pm yesterday, overshot, rejected. 6492 must reclaim now to see a pop to 6500, 6524 (above which we can rally today). 6466-70, 6446 next supports down from here


Precise levels today but as warned in every post since 8am: Take profits lvl to lvl, its a choppy market in #ES_F 6575 was support posted 8am with 6592 reclaims triggering long. Targets were 6604 (hit), 6623 (hit), 6638 (not yet). Watch traps of the morning low. 6564, 6542 below





Today we saw the power of the Failed Breakdown in #ES_F. Given to newsletter readers 4pm Friday & here 6pm, traps of 6524 trigger up. We got it at 6pm and rallied to 6560. We got it again 7am and rallied *220 points* Plan today: 6623, 6591=supports. 6648 reclaims see 6664, 6690+



Total chop in #ES_F going nowhere all day, but levels respecting. 6623 support posted at 8am, and we've held it/trapped it 6 or 7 times today alone. If we can get moving, 6642 (already hit), 6658-63 remain upsides. No sustained rally until 6658-63 recovers. Then we head to 6716


Its a day traders market today in #ES_F and all about 6623 support posted 8am. We've been testing/trapping all day, and just hit it again. No change: 6635 reclaims see (6642 - hit 2x), 6658-62. No rally today until that recovers Bears control fully under yesterday's 6716 support



The long in #ES_F from Sunday 6689 Failed Breakdown still paying. 6766-70 was support as posted yesterday. It held *again* last eve producing a 45 point rally Plan today: Ride runner for FOMC. 6785, 6770 (watch traps)=supports. 6810, 6815-19 targets. Then 6840, 6854+. Dip<6860


We are getting a little bit more movement in #ES_F but still slow. 6822 reclaim was long trigger yesterday with 6884 target and its a ceiling since after chop all night. Watch for recoveries of 6842 now to see 6855, 6863-66 next up. 63-66 must reclaim to rally. 6829, 6822 below


Yesterday at 7:50AM I posted the 6822 Reclaim triggers long in #ES_F. Main target was 6884 and ES agrees: We've been here nearly 24hrs. This is now extreme, low quality chop. Dont force trades Plan today: 6863-66=support (watch traps). 6876, 6888, 6899 above. 6855, 6842=supports






Note: Watch for sweeps of Tuesday's 6891 major evening low or recoveries of 6904. 6866-70 next support down

