Es short term trading 6-09-10

If we can hold back any decline into 52.50 then we have a chance at seeing 84.50 and soon..we have lots of numbers there as of this writing.

Above yesterdays high and RAT we need to get past that 68.50 and 70. We naturally be a break out of the Monday - Tuesday Range.To go get 84.

The R1 and R2 levels match up with the RATs so those become more important. You can see how we consolidated at 75 - 76 so be careful there. Just because we think we are on track to go get that 84 volume area doesn't mean it will be easy.

Quick summary so far

61 - 63 Rat and O/N high so far

56 Rat and that key spike bars low..and Weekly MIDPOINT ******

50 - 52 Rat , VPOC amd POC from Tuesdays range

We have two shelves of support so watching what happens if we get down into the 50 - 56.25 RAT will be critical..

If we get down belwo 44 then we may decline to 38 realy quick. I'm hoping we don't see that today.

Wednesday is a good day for Gap fills..

30 and 15 minute charts made a higher low so that is a good sign.

long from 1068.25 covering 1070.50... too skittish!

took a long at 68.25 for 6 ticks but I agree it is all over the place

I didn't see a gap there on my data but well done anyway..

Originally posted by sjzeno

Yea! they took out the trips then ran and filled the 66.6 gap!

think they want to run out the 71.75 again and higher..tough spot ...60 minute range

they gotta run out the downtrend line...justto get stops..

I think they want that 1073.50 but we'll see... watching

downtrend line storng but I think this is gonna be the 30 minute to bust it

Sometimes they keep the best moves for 3:30

I wonder if they pull it down that last half hour!....

Longer term players might want to refer back to the weekend preview and calendar... cycle high today ,working lower into the 14th.. DONT FORGET TOMORROW IS ROLLOVER DAY!...C YA!