No trades today as I was busy in downtown with paperwork for the new job and didn't get back home till after market close. Doesn't look like I missed much; the morning was a chopfest. I mark up the charts even on days I don't trade in order to further my education, and to keep up with the most recent price action, so here's my marked up 5-min chart:
Lot of econ news out tomorrow. Durable Goods Orders and Jobless Claims at 7:30 AM (central), New Home Sales at 9:00 AM.
ES (Daily) - Bears can't get overly excited based on today's action since price simply pulled back to yesterday's 50% level. I'm sticking with Bullish bias until I see a CLOSE below 875 on the Daily chart.
My views on trading the E-Mini S&P 500 Futures utilizing Price Action, Market Structure, Volume/Market Profile and the Auction Market Process. Visit www.EMiniPlayer.net for Daily Key Support/Resistance Zones, Trade Plan and Educational Recaps.
Wednesday, May 27, 2009
Wed. 05/27/09 - Chop chop, break!
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New Job? Holy crap man! Congrats!ReplyDelete
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