09
Jan
Expect more Chop (Consolidation) before ....
Written by Anna   

Jan Friday the 13th ooooooh   be careful lol

here is a quick updated chart on ES i expect we might see more buying coming into day (maybe restest 1296) but I do believe we are near a short term top and could see 1250 (cross your fingers) 1239 ES before heading higher ;)

that being said I am short and building positions in case we have topped 

 

 

 

 

 

Hi everyone :)
I have been trying to take care of things (my health)  as of late and need to be even more vigilant.  Sorry that the posts have been slow, but better slow than not at all.
As I expect more chop to continue we are forming what appears to be a bull flag on indices. We have an ascending triangle on the daily /ES that should play out to the upside, but as always even Technical Analysis is not always a given. We are a bit overbought so short term might need to do some consolidation before heading up. Again remember the holiday trading is in these charts which I do not always trust.

 

 

 


Now For Apple which I do believe is breaking out and will see new highs. Full disclosure I am long via calls spreads 430/435 February.  It should do some back testing before heading to all new highs.

 


blog comments powered by Disqus
 

Trader's Lounge Login

Premium Users Online

7 users and 299 guests online

Become A Member - Now $89/month


Live Trade Screen
Live Audio during market hours
live Technical Analysis
STOCKS, OPTIONS, FOREX

Smart Phone Compatible

Trade Updates via Email

To Sign UP, simply email me...

info@hotoptionbabe.com




Copyright (c) 2010-2011 HotOptionBabe.com. By accessing this web site you agree to the Terms of Use.

website tonight analytics