ES 1066.00!

Jan 30th, 2010

From our 1145.00 high target the market has fallen 79.00 points or $3,950.00 dollars trading a 1 lot! Not a bad move but what is our outlook now?

On this leg down we have had a lower target of 1066.00, we have had this target for the last week. Friday after hours the ES hit 1066.50 so we are 2 ticks off of the target being reached which in our book that is close enough to call it hit. So what does this mean?

This means that we are now thinking the markets will trade sideways to up over the next couple of days then start a up move to the 1110.00 area. Could we be wrong? YES we could be as the market is falling right now but knowing the high odds reversal zone in advance can help us in multiple ways. Here are 2 good things to keep in mind.

1. To not get too aggressive short at these level.

2. Know that the markets could be choppy on Monday and Tuesday and to be quick about our trading.

We are not saying we are buying this low as that would be counter trend to this leg. But what we are saying is to be careful shorting this level with allot of contracts on the line. We are in a area that we could bounce hard so be careful with the shorts.

Saying all of this we have to keep a few things in mind. We do not want to go long with heavy contracts unless we at least take out a swing high on the 30 min chart. Notice how this down move we were making lower highs and lower lows making it a downtrend. That is easy to see and is very important you stick with the symetry of the market until it actually changes and that would be taking out a new swing high and we have not even made a swing high yet.

The point is if the 60 min chart is near or at the lower target know that it takes time for the 30,10 and 3 min to actually change to the up direction so the next few days could be choppy if we actually are putting in a short term low.

We could bounce up to 1080.00 then come back down to 1075.00 then go up to 1090.00 then come back down meaning the markets are probably going to be choppy while the smaller time frames are going to try to change the symetry of the 60 min. These are the days that most traders lose money as they hold for a big move that never pans out.

We have had great sell signals on the 10 min all the way down to this point from the 1145.00 high target. We are now being careful with shorts as just about the time it feels right to go short the market will squeeze everyone out of their shorts and start going up.

Happy Trading,
http://www.eminischool.com/

ES Were you watching?

Jan 23rd,2009

In the last post we were noting how the market was at a very important level to move stops on longs becasue the market was setting up for a fall. We also emailed all our members and our free email list to warn about the up coming drop. The next trading day after the email and Blog Post the market was up. We got allot of emails saying how we were wrong in our predicition. Yes, we were wrong by 1 trading day. But we said this is a MONTHLY reistance so it could take a few days for the chart to align.

We teach how to get a overall market outlook and how to stick to that outlook so you dont get emotional entries in the markets. 95% of entries are emotional NOT technical. We teach technical trading for the Bigger picture then how to nail it down to a smaller time frame to take advatage of the moves with less risk by using the Turbo Scalper System or by using our 3 time frame trading style that is build for confidence and tight stops.

We hope you found some value in the last post and emails and at least move the stop up on some of your longs if not participate on the short side.

To get our members on emails with specific levels and trades for Stocks, Options and Futures Join us today and get it all for free!

Until the next update,
Happy Trading,
www.eMiniSchool.com

P.S Looking at the 15 min chart above notice how our blue bars caught evey low in this down move! Friday we didnt get a blue bar until the last bar of the day, the bars stayed red all the way down making it eaiser to follow the rules of our system.

ES Update!

1/16/2009

As noted to our premium members in our members only emails for the last week we have been watching the 1145 level as a HUGE level to really pay attention to on the ES. This is a Monthly resistance level and you must be aware of this level if you are long this market. Over the last month the markets have climbed higher on low volume right up to the 1145 level. The high was actualy 1147 on this leg so far. There was a Doji on the day we were looking for a top then we engulfed it to the downside.

Going forward into next week we would have our stops in tight on longs and be looking for new trades to the downside. We have pinpointed a few stocks to buy puts on Next week, if the market give us a sell signal.

Be very careful with your longs here!

Happy Trading,

http://www.eminischool.com/

Did you catch the pattern in the ES?

Jan 8th, 2010

Hello Traders,

Looking at the 30 Minute chart as we noted to our members in real time we were watching the Head and Shoulders pattern that was forming as everyone was saying that the 1100 level was a sell level in the ES and to take short positions. We waited and watched how this pattern played out and there was a perfect "right shoulder re-test" to take the markets higher.

There are a few minor resistances coming into play but 1235 is our ultimate upper target for the ES.

We are running a special with $2500 worth of FREE bonuses for anyone who joins our team by Jan15th. To learn more about this simply email us at trade@eminischool.com to learn how you can receive $2500 worth of bonuses for FREE!

Happy Trading,

http://www.eminischool.com/