There it is--resistance right when we get near 2570 on the way up. 2570 very significant.
Looks also like support is building as well in the mid 40's on a short term basis.
We went down and tried 30 area again. It is becoming a stronger support area however could be gotten thru.
That seems like it would be a beginning of curtailment of rate hikes though wouldn't it? I don't think they could just turn it off as that would...
What was the FED decision by the way?
I like this initial pullback. Let's drop it down a bit and gather it up!
Pek's indecision dojis for the last 3 hrs.
The idea would be that this 2570 that was serving as resistance would now become a new support level for a spring higher. Market seems to be...
---and that is not scalping. That is short term day trading.
For journal integrity purposes, I am counting this as a 6 pt loss as I had to step away quickly after my cover ast 2564.00 and was not able to post.
Longer term position player looking to post here some shorter term ES trades to begin to get a feel for the intraday movements etc. Some positions...
2530 to 2570 range is what I believe. I may have taken my short too early--we'll see. ---Post fed I think we rally.
We are now getting into the territory of 2570 that I have talked about. Short 2571.00 Initial stop 2577.00
Out at 2572.50 for 3 pt loss. Was incorrect for the time being on the direction there.
Short 2569.50 Initial stop 2575.50
blow off top there on the 1.
I'll have to wait for the appropriate time. Rally a little stronger than I expected.
Will short this opening rally today as there should be two side trading this morning.
Noone from the outside is scalping now or has ever been able to scalp in the past. The term is a misnomer.
Interesting.
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