Seeking Alpha
  • Demi9OD
    ES headed to 1271 for a bounce.
    1/9/12
    Reply (16)
    • Native Texan: You're thinking Friday's low? I can see that happening too.
      1/9/12
    • Demi9OD: 1271 ES, not SPX.
      1/9/12
    • Native Texan: Right, understood. Difference is 5 pts, which would be 1271 on ES.
      1/9/12
    • Demi9OD: 50% retrace from the range last week.
      1/9/12
    • Native Texan: Great dip buying opportunity.
      1/9/12
    • Demi9OD: That 1272 line has been well defended.
      1/9/12
    • Native Texan: It broke, lows on the ES are @ $1267.13.. I can't imagine it breaking below 1265 at worst.
      1/9/12
    • Demi9OD: 1271.25, perhaps close enough to that 50% retrace to qualify as support. Lowest possible I see is 1265 as well. Should stop @ 1268.3 first.
      1/9/12
    • Demi9OD: Next resistance at 1277.5.
      1/9/12
    • Native Texan: You are my new Master Che... I'm going to call you Master Demi!
      1/9/12
    • Demi9OD: Dip to 1273.7 then bounce.
      1/9/12
    • Native Texan: Agree, this intraday action right now, pullback off of day's high, is (I think) consolidating before the move higher.
      1/9/12
    • Demi9OD: Didn't hold, TLT rallying pretty hard, look for that 1271 test, then 1268.35.
      1/9/12
    • Native Texan: Yep, concerning but for bulls, we didn't reach today's intraday lows (yet) on the $SPX. MACD coming back up.. Good Bull/Bear fight today.
      1/9/12
    • Demi9OD: I really don't like MACD at all.
      1/9/12
    • Native Texan: 1 min looks good, everything else looks bad however, never doubt the resolve of the banksters to achieve their "stated" goals of 1300+
      1/9/12