ES short term trading 6-24-10

So just how important will the O/N low be ? I think very important as that is right at the very peak of the long term composite of 1078 !! Last two days of the $ ticks show slight up divergence and the 3 WAR has been achieved....

Hoping all that sets up the long side for us and at a minimum a half gap fill at the open ideally into the 85 - 87.50 area...This will be fourth down day and that would mean that the dumb money will be trying to sell......

Could be wrong of course but I'd be cautious on the short side especially if they run it down first today!!

So starting a small long at 81.25....long way to go until open and O/N trading still messes me up..

Only add will be in RTH below 78...

I have errands to run, but price is now at the top of big gap created by the UP open (RTH) of 6-10-10.

gap was inJune contract, but it is open to the mid 1055 area (guess) for the SEP.

best fo me is 66.75...( 66 - 62 ) is next key zone....stop on last two is 71 even.......beautiful 5 minute bar from earlier...trying for 63 if runners not stopped with an air pocket fill in

damn u air pocket traders///LOL!! lets see if they can get above that 72.50 high..otherwise I will trythe 68 sell

short 71....stop 72.75

Just saw your post on your short ,Bruce!... great move... and great analysis early today!..too bad i was sleeping!

Kool,

Where did you get that seasonality chart?

Courtesy SENTIMENT TRADER.COM

tryingtio get 68.75 RAT...bastards...missed by a ticjk so far...

Great Piker....it sometimes hard to stand aside from the market but these trends in the afternoon have cost me lots of lost profits.....Now, when I do trade in the afternoon I'd rather miss any longside on days like this....

Paul may a good point todat which infered that in bull trends lows are made early and highs made late....so bears will make the highs early and lows late...he also posted the average open to high which was right on today..