ES short term trading 7-21-10


Here are the zones I'm watching

1101 is low volume based on composite work


90.50 - 93 ***** HV area from the composite

85 - 86 - Fridays high and POC from Thursday

80 - 81 Tuesdays high and volume node

70 - 73 ************ key support, high volume , Va high ---Bold intentional

66 **** single prints

61.50*** High volume


56.50 ****high volume


My plan will be to sell rallies with high $ticks...especially if we gap up in RTH into one of our two key zones above today's highs....we know what usually happens after trend days
if not stopped I'm trying for 73 on last
official single prints fill in at 65 - 66
flat 68.25...selling new lows for 65
air pocket 1071

Bernanke was testifying at 11am, something he said spooked the markets...
the 72.50 are had absolutely no affect as support..72 - 74 is key resistance..I'm trying to sell 67
Originally posted by phileo

air pocket 1071

Bernanke was testifying at 11am, something he said spooked the markets...
phileo... I missed getting in but look at your 15 min charts, this was set up all morning by the bears, bull trap.. they stepped on the break out attempt on 15 min candle at 1:58pm
short 67.75...two contracts...watching 69 area
flat 65.50......
anyone long down here for the 69 retest
Originally posted by BruceM

anyone long down here for the 69 retest
not in... but 65 is 61.8% retr from globex low to high
Sounds interesting to me Phileo - looking forward to it.