Monday, 23 July 2012

ES continued

 Different views of the same price 'incident'. Is this a new low pivot of significance? This is typical of recent centre line touches in the last few weeks/months since the June low. This time i was waiting and saw the second touch/divergence and at least have a day position if not a keeper although I may be stopped out a b/e but anything is possible. If we cant get over 1342 then maybe we will retest the lows but do not forget last nights gap wiaitng to be filled...sooner or later. I have long since stopped trading gaps on the ES which can only lead to a whipping but they do bear consideration in regard to the overall picture.

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