ES Short Term Trading 6-23-10

Here's what I've got as a Price Action S/R "MAP" ... the Red lines are potential significant S/R levels with Magenta semi-significant. The Cyan dashed lines are the Wkly Pivot levels. The Light Blue bars on the right vertical side of the chart represent Volume at Price on this 30-minute, 20 day chart:



Hope this is helpful to all ... and definitely follow MP analysis and your own analysis where things may line up and add significance at price levels for getting off a decent risk/reward trade.

And don't forget ... Wednesday is FOMC day ... stands for F*@K(ng Overall Massive Catastrophe for ____________ (fill in blank with your favorite pet peeve)!

Originally posted by phileo

long 1091.5

playing the open (in case anyone is yearning for a reason)
target 1094 this time. stop at 1090.5

stopped out b/e...
looks like easy money has been made

PPT getting whacked by HFT sell programs. Most of the FOMC breakout has been retraced. 1085 hvn will be a key level of defense for the bulls.
Talk about a roller coaster ride....
But euro is still hanging on to its gains above 1.23
That might be a good tell going forward.

amazing...the 10 a'm reports created more volume on a one minute spike then the fed announcement...

87 - 89 get top billing from todays trade.......

Originally posted by hari

2:23 bought at 1085
2:31 sold at 1090.50

fastest 5.5 pts ever for me :)

Originally posted by phileo

Euro is in a buying panic!!
TICK at +1400 !!

what the heck did big Ben say ??

fastest 4pts I've made all year