ES Short Term Trading 4/19/10


  • 3
  • MonkeyMeat
  • 18-Apr-2010 at 6:08 PM
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Here's my Price Action S/R levels in Red with minor ones in Magenta. It's on a 30min bar ES chart. Sunday night's mkt just opened when I snapped the screenshot. Also, there's an upward sloping trendline in Cyan fwiw.

Click image for original size
es 30m sr for 41910
  • 0
  • koolblue
  • 19-Apr-2010 at 12:45 PM
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OTHERWISE, HELLO, 1186.25
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  • i1hunter
  • 19-Apr-2010 at 12:51 PM
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Originally posted by koolblue

OTHERWISE, HELLO, 1186.25


Ah! U r looking at 50% ret. It could be. 13:20 @ 1186/1187.....
  • 1
  • koolblue
  • 19-Apr-2010 at 12:57 PM
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Click image for original size
600
  • 0
  • koolblue
  • 19-Apr-2010 at 1:01 PM
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I dont use fib retracements, Hunter.... but maybe i should!..lol... theres your .382 retrace at 1185
  • 2
  • i1hunter
  • 19-Apr-2010 at 1:04 PM
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Thanks Koolblue.

The price is currently under a diagonal trend line seeing in the 60m day session chart. Then
there is that 1185 horizontal resistance and the market is at 1183.75 as I type. Will see if it is able to overcome it. If not then down we go. Resistance and stops above 1185.00
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  • koolblue
  • 19-Apr-2010 at 1:05 PM
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man, retail selling is strong at minus 20,000... but the big boyz are suspisiously posive 3,000! they simply are not selling this decline today! Bodes well for later and tomorrow, maybe.
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  • richd8980
  • 19-Apr-2010 at 1:08 PM
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KOOL, nice call on calling the top around the 15th u nailed it. thanks Rich
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  • koolblue
  • 19-Apr-2010 at 1:35 PM
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Very short term turning point of some sort coming in about 10 min!
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  • koolblue
  • 19-Apr-2010 at 1:46 PM
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Click image for original size
601
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  • koolblue
  • 19-Apr-2010 at 1:54 PM
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Click image for original size
602
..praying that my original 1179 projection was 'satisfied ' by the 1179.75 low... but its a crapshoot!
Thanks for the link pt_emini. In case anybody wants to track this over a longer period of time I've started a topic here Mutual Fund Mondays.
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