ES short term trading 5-6-10


  • 2
  • BruceM
  • 6-May-2010 at 7:06 AM
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Most of these are being generated from the weekly chart..

57.50 - O/N low , yesterdays afternoon rally point

62-64 - LTP in ON, VA low,PP and POCP

70 - all that volume and VA high

75 - 77 air pocket and R1 ...Magnet ******

85 - 87.50 air pocket and r2

94 - 98 combination of LTP's and HTP



****Gap at 66.25 in O/N data so those reading get short up here at 68.50...most still sleeping so you'll miss this one
  • 1
  • MonkeyMeat
  • 6-May-2010 at 12:22 PM
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Originally posted by MonkeyMeat

btw, 1145-1147 area pretty signif potential price action support on Daily ES chart (contin contract) ... cluster of January highs and some price action around there in March ... also noticed Daily S2 there as well

I've had this red support line on my 30min and Hourly charts for weeks and weeks. This is the Daily showing where/why I drew it in there fwiw.

Click image for original size
es daily for 5610
  • 0
  • koolblue
  • 6-May-2010 at 12:25 PM
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im short from 1157.00 and took one off at 155.00, but id really rather be a buyer today especially around 44! they need 51.50 even if theyre going higher imho!
  • 0
  • koolblue
  • 6-May-2010 at 12:30 PM
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There. Trying to break thru the 5 min red avg on the downside. It is at 1153.50
  • 0
  • koolblue
  • 6-May-2010 at 12:31 PM
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Raising my stop on the remainig es to b.e. ...1157.00
  • 1
  • koolblue
  • 6-May-2010 at 12:38 PM
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Click image for original size
693
  • 0
  • koolblue
  • 6-May-2010 at 12:39 PM
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WOW...OUT AT 1152.00.. That was a lucky scalp!
  • 0
  • koolblue
  • 6-May-2010 at 12:42 PM
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Kinda looks like 13 -26 more min on the 13 min chart before a low!
  • 0
  • ak1
  • 6-May-2010 at 12:47 PM
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Telling you.. around 1144 we will hit the low
  • 0
  • koolblue
  • 6-May-2010 at 12:56 PM
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SEE HOW THE 2.618 AT 1148.00 STOPPED IT? at least for a bit!
  • 0
  • koolblue
  • 6-May-2010 at 12:59 PM
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believe it or not we havent quite hit the 5 day avg range yet! That comes in at 1145.25 if my math is good! still looking for 1144 like AK!
  • 1
  • stocksster
  • 14-May-2010 at 11:31 PM
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The real cause(?) for the market crash on May 06, 2010...

Read at Reuters..."Exclusive: Waddell is mystery trader in market plunge"
http://www.reuters.com/article/idUSTRE64D42W20100514
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