Es short term trading 7-19 -10


  • 3
  • BruceM
  • 18-Jul-2010 at 11:04 PM
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Numbers I'm watching on the upside


1069 Low Volume as per histogram


1073 - 1075 Pivot, High volume key number

1081 volume spike and 15 minute air pocket

downside numbers

I'm hoping to sell rallies with high $ ticks in the am..that's the plan if we open above Fridays close...but trade down into key numbers BELOW 1061 will be buys for me on low $ tick readings

61 - 62 lots of volume


47 - 50 key number previous volume


39 - 41 key breakout point

Hoping to revise these after I fire up my IRT charts
  • 0
  • BruceM
  • 19-Jul-2010 at 10:49 AM
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next longs will be at 55 for a new campaign if they stop us...so I wont be rebuying 58 now..
  • 0
  • koolblue
  • 19-Jul-2010 at 10:49 AM
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well.i chickened out at 60.25 for 4 ticks total...watching
  • 0
  • BruceM
  • 19-Jul-2010 at 10:50 AM
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stopped and watching the reaction to the 58 number...if any....nothing to stoip 55 from printing
  • 0
  • BruceM
  • 19-Jul-2010 at 10:52 AM
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long 58 and light again..
  • 0
  • BruceM
  • 19-Jul-2010 at 10:54 AM
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early I think..
  • 0
  • BruceM
  • 19-Jul-2010 at 10:55 AM
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don't like 5 minute reversal looking bars in down trends...
  • 0
  • koolblue
  • 19-Jul-2010 at 10:55 AM
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Well, lets see... daily range for 5 and 10 day is around 23 handles.. Friday was an expansion of range on a down day (negative ). BUT IF WE JUST GO TO NORMALCY THEN 1069.25-23=1046.25...heres a look at the longer term picture (still thinking 1037 ish by WED at a minimum)...
Click image for original size
908
  • 0
  • BruceM
  • 19-Jul-2010 at 10:58 AM
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first target is 60.25....then will try to hold two ..for that 62.50 and 64.75....
  • 0
  • phileo
  • 19-Jul-2010 at 10:59 AM
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buyers defending 1057, could be LoD.
  • 0
  • koolblue
  • 19-Jul-2010 at 11:00 AM
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MAN, mr market is confusing us all again! Although im bearish this week, especially into wed, i would have sworn we'd see a rebound up to that 1172 level at least, with an outside chance of 1081...suppose we still could (1057+ 23= 1080.25) ,but it doesnt look good so far!
  • 1
  • BruceM
  • 19-Jul-2010 at 8:48 PM
  • Rep: 216k
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here is the gap for those who see dead people..!
Click image for original size
gap
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