ES Journal Archive (2006 - 2008)

www.reuters.com/article/newOne/idUSPEK16693720080925 this article says China instructs its banks "no more lending to US banks" this is what Ben and Hank are, or were, trying to avoid,either it's too late now,or the bill will pass in the next hour or 2 and it's still too late

 

We'll probably need to revisit 1180 before any significant upside. There should be a large breakout or breakdown in the next day or two. I do not exactly know which direction right now. I remain long term bearish.

--Most likely it would be a breakdown---

 

long es 1186 3pt stop

 

Do you have a support level at 1186? Other reason for entry?

 

boys, I do not remember prior when was 1 min CCI during one hour bellow 0. Not much enthusiasm for longs.
Just they are keeping euro, crude and gold al low as poossible.

 

exited position @ 1195

 

price action/order book support

 

If 1180 is not hit, then 1201 would need to be hit before I will start looking long. If 1180 is hit, then I will watch carefully but be bearish initially.

 

Nice trade, figured the premise was of that sort as I was still about 4pts from some key support

 

1180 is a key area, for a couple of reasons.

For once, we agree.