ES S/R Map for 11-4-09


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  • MonkeyMeat
  • 3-Nov-2009 at 11:37 PM
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Here's what I've got for potential S/R price action levels/zones (blue lines). The 1056 (and up to 1058) is a minor and "messier" area, but 56 is also the .786 fib rtc back up to the high of 1064 on 10/29/09 ... though I'm not a huge fib fan. My daily chart shows 50sma near 1049. The red line is Wkly Mid-Pvt.

Likely a funky day Wednesday due to Fed. Mkt currently trading at 1044 in night session. Interested in feedback and any other analysis!

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  • phileo
  • 4-Nov-2009 at 2:50 AM
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my homework says support 1027 (this was where volume started pouring in from yesterday's double bottom), 1034.5 (hi volume node from 8/25/09, also where volume came in on today's reversal). 50d EMA is 1042.5, so that will continue to act as an important area. Beyond that 1051 resistance.
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  • phileo
  • 4-Nov-2009 at 3:01 AM
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note also today's POC and pp line up pretty closely: 1037-1037.5. We may see a revisit of this area at some point tomorrow.
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  • koolblue
  • 4-Nov-2009 at 6:39 AM
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  • koolblue
  • 4-Nov-2009 at 6:42 AM
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PS: NOT PICTURED IS A SET OF 120 MIN PROJECTIONS TO 1073 AND CHANGE... CAUSE I DOUBT THEY HIT TODAY ANYWAY
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  • BruceM
  • 4-Nov-2009 at 7:57 AM
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I like that number a lot, the 37.50...Volume surge....also 47.50 and the old 50 - 52...we may just open and start to trend so I'm going to be more careful on fades today
quote:
Originally posted by phileo

note also today's POC and pp line up pretty closely: 1037-1037.5. We may see a revisit of this area at some point tomorrow.
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  • MonkeyMeat
  • 4-Nov-2009 at 9:11 AM
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Seems there's a consensus in the area of 49-52 ... current pre mkt hight ran up to 51.50 (good Van Halen album btw) so far. Beyond 52 it gets a bit murky for me although have a "minor" area of 56 (to 58) ... noticing Kool's got projections at 55 and 56 and the Daily R3's nearby fwiw. Next price I've got above the "murkiness" is 63-64 where Kool's got a projection at 63.25

Maybe what I see as a murky area offers some room to run on a gap-and-go trend scenario Bruce referred to (if price can get above and hold 52). Just some thoughts as it's currently testing 51.50 again.
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  • BruceM
  • 4-Nov-2009 at 9:36 AM
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I'm on the 51's so I hope u are all joining me short...otherwise you will take my cash today..c'mon 47.50
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  • BruceM
  • 4-Nov-2009 at 9:39 AM
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minus 4 in a good area today...unfortunately the plus 4 is a good target too
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  • koolblue
  • 4-Nov-2009 at 11:21 AM
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JUST SOLD 1056.00 FOR A SCALP
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  • koolblue
  • 4-Nov-2009 at 11:33 AM
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YIPPEE! ..JUST COVERED FOR A COUPLE HANDLES!
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  • koolblue
  • 4-Nov-2009 at 7:44 PM
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