ES short term trading 7-20-10


  • 3
  • koolblue
  • 20-Jul-2010 at 6:36 AM
  • Rep: 48.6k
  • Posts: 16k
When i projected much lower prices,last weekend, few believed it. Everyone was looking for another 1100 test and higher. You probably wont believe what i feel comes next either! lol.. But enough macro crap, heres a snapshot of the near term ,going into the morning....
Click image for original size
913
  • 0
  • DavidS
  • 20-Jul-2010 at 3:47 PM
  • Rep: 3,181
  • Posts: 557
masochist or just overdue?
and came back to haunt near my stop
negative divergences and higher prices but late in the day and GWTW.
AAPL hod about 12 1/2 off the low. GS hod 8 pts off low
  • 0
  • BruceM
  • 20-Jul-2010 at 4:43 PM
  • Rep: 216k
  • Posts: 19.9k
I'm not sure what that means David...where you long?
  • 0
  • Lorn
  • 20-Jul-2010 at 4:49 PM
  • Rep: 16k
  • Posts: 1,406
What do you think of this 1085 number?

That is smack on a 2.618 projection up from this mornings move.
  • 1
  • Lorn
  • 20-Jul-2010 at 8:00 PM
  • Rep: 16k
  • Posts: 1,406
Hey Bruce,

Found this little nugget from you back in 2009.

Originally posted by BruceM
A few things I will always keep in mind based on probabilities alone:

1)The markets ability to trade back to the weekly and daily pivot...
2)The markets ability to trade towards the previous days Low or high if we open outside that range
3)The markets attempt to take out the previous days low or high if we open in the range
4) the markets ability to run the overnight low and/or high
5)The markets ability to break last weeks high or low if we open in that range on the first day of the week..
  • 0
  • BruceM
  • 20-Jul-2010 at 10:17 PM
  • Rep: 216k
  • Posts: 19.9k
glad you are finding the stuff....

Nice call KOOL blue...your projection and cycle wasn't lost on me...

Thanks for kind words Ian....
  • 2
  • BruceM
  • 20-Jul-2010 at 10:45 PM
  • Rep: 216k
  • Posts: 19.9k
I snapped this in the morning so let me post it ...it shows th elow volume on the histogram ..You've seen these before but perhaps we have new folks....that is why that area was a target.....the 58 - 59..this is the overnight and you can also see how volume was building at that 55 number
Click image for original size
lowvolume
  • 0
  • Lorn
  • 20-Jul-2010 at 11:21 PM
  • Rep: 16k
  • Posts: 1,406
Thanks for the posts Bruce.

I'll leave you alone to gets some rest up for tomorrow.
Emini Day Trading / Daily Notes / Forecast / Economic Events / Search / Terms and Conditions / Disclaimer / Books / Online Books / Site Map / Contact / Privacy Policy / Links / About / Day Trading Forum / Investment Calculators / Pivot Point Calculator / Market Profile Generator / Fibonacci Calculator / Mailing List / Advertise Here / Articles / Financial Terms / Brokers / Software / Holidays / Stock Split Calendar / Mortgage Calculator / Donate

Copyright © 2004-2023, MyPivots. All rights reserved.