Noon update:
ES just can't get back above 1461, 200 dma after closing the gap at 1425. It's not a good day to trade now that the initial moves are out of the way. If you must scalp, ES has multiple set ups between 1425 and 1443 with 1433, yesterday's high, a fulcrum. Watch NQ 1855, must hold. Hopefully, you bagged some nice change, so don't push your luck. I mentioned yesterday COMP 2500 as a target, we are trading at 2486 after hitting a high of 2524. Bulls need a close above 2500.61, or bears will start attacking again next week.
ES just can't get back above 1461, 200 dma after closing the gap at 1425. It's not a good day to trade now that the initial moves are out of the way. If you must scalp, ES has multiple set ups between 1425 and 1443 with 1433, yesterday's high, a fulcrum. Watch NQ 1855, must hold. Hopefully, you bagged some nice change, so don't push your luck. I mentioned yesterday COMP 2500 as a target, we are trading at 2486 after hitting a high of 2524. Bulls need a close above 2500.61, or bears will start attacking again next week.
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on Friday, August 17, 2007 at 8/17/2007 11:55:00 AM.
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