Disclaimer

The information posted on this blog should NEVER be taken as advice to buy or sell futures. This blog is for entertainment and learning as I map out my feelings about the markets. You should always make your own trading and investment decisions after you carefully think through the risks involved.

Monday, February 14, 2011

Monday, Feb 14

The market bounced of a third 15 minute long setup in a row and made new highs on Monday. The 1325.50 level has a 1333 target but before getting there the /ES pulled back and found support at the same 1325.5 level in the extended session. If the bulls fail on the 15 minute time frame we could see a pullback to the 15 minute 50% retracement at the 1320 level before finding support.



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