ES Short Term Trading 7-28-2010


  • 1
  • Lorn
  • 27-Jul-2010 at 10:19 PM
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Range Based S/R for July 28, 2010

R1 = 1122
S1 = 1102.75
R2 = 1125.125
S2 = 1099.625
  • 1
  • Lorn
  • 28-Jul-2010 at 8:57 AM
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Notice the early morning fall and close beneath VWAP then rally back to it followed by the sell off after 8:30 news.

Will be important for prices to get above VWAP if the bulls want to lead today.


Click image for original size
footprint 7282010
  • 0
  • Lorn
  • 28-Jul-2010 at 9:49 AM
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Opening 15 minutes challenged VWAP but has been rejected. Volume is low up to this point though.
  • 2
  • DavidS
  • 28-Jul-2010 at 9:56 AM
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What's all the congestion about? Nobody has mentioned it but 1107.5 is the 50% retrace of the entire decline from 1200+. Seeing it from below now.
Click image for original size
es 09 10 7282010 60 min
  • 4
  • hari
  • 28-Jul-2010 at 10:19 AM
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  • Posts: 60
other significant support numbers:

Last week's high: 1101.50
This weeks low so far: 1097.75



Originally posted by Lorn

Range Based S/R for July 28, 2010

R1 = 1122
S1 = 1102.75
R2 = 1125.125
S2 = 1099.625
  • 0
  • Lorn
  • 28-Jul-2010 at 10:20 AM
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VWAP has continued to act as resistance but this low volume is preventing prices from extending downward. Perhaps there are still some prices higher that need to be revisited?
  • 2
  • hari
  • 28-Jul-2010 at 10:34 AM
  • Rep: 470
  • Posts: 60
Today's OR:

  • OR 5min 15min 30min 60min High 1109.75 1111.50 1111.50 1111.50 Low 1107.75 1107.75 1106.50 1104.50 Range 2pts 3.75pts 5pts 7pts
  • 0
  • Lorn
  • 28-Jul-2010 at 10:57 AM
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Great share Hari!

Originally posted by hari

Today's OR:

  • OR 5min 15min 30min 60min High 1109.75 1111.50 1111.50 1111.50 Low 1107.75 1107.75 1106.50 1104.50 Range 2pts 3.75pts 5pts 7pts

  • 0
  • hari
  • 28-Jul-2010 at 11:04 AM
  • Rep: 470
  • Posts: 60
Thank you Lorn, you too have been posting great stuff! Thanks for your time.

Originally posted by Lorn

Great share Hari!

Originally posted by hari

Today's OR:

  • OR 5min 15min 30min 60min High 1109.75 1111.50 1111.50 1111.50 Low 1107.75 1107.75 1106.50 1104.50 Range 2pts 3.75pts 5pts 7pts


  • 1
  • DavidS
  • 28-Jul-2010 at 11:14 AM
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5 waves downs and 3 wave up is no way to trade long. I don't like the pattern from a long perspective but can respect the price ten ways to Sunday.
Corrective wave that may go to 1009.5 unless it's done. Can they pump it up for lunch? Midday on a Wed.
I think the 50% equivalaent in the cash is 1111. Looking for 1002 area ascending S/R line.
  • 10
  • MonkeyMeat
  • 28-Jul-2010 at 11:15 AM
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Hey David ... you left off a couple of lines ... it's cool, I fixed it.

Click image for original size
chartart
  • 0
  • hari
  • 29-Jul-2010 at 2:43 PM
  • Rep: 470
  • Posts: 60
Originally posted by day trading

Originally posted by hari

Some of you may have been trading for more than a decade, what is the smallest daily range you remember seeing in ES (RTH)?
The range today ( so far ) is only 8 points.


If I remember correctly it was something like 3.25 points and it was the day before Thanksgiving Day.



Thanks DT.
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