ES Short Term Trading 8-31-2010


  • 1
  • Lorn
  • 30-Aug-2010 at 8:48 PM
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Range Based S/R

R1 = 1079.75
S1 = 1037.50
R2 = 1086.75
S2 = 1030.25

Steenbarger Pivot = 1051.75

I'm adding volatility S/R today since today's range was so large.

R1 = 1061.75
S1 = 1041.50
R2 = 1065.25
S2 = 1038.25
R3 = 1068.50
S3 = 1035.00
  • 1
  • BruceM
  • 30-Aug-2010 at 10:44 PM
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numbers I'm using in the morning only

60.25

55 - 56

46 -49

38 - 39.50


33
  • 1
  • BruceM
  • 31-Aug-2010 at 8:55 AM
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this 38 - 39 is top dog as it was a volume area from Fridays trade and now the O/N low is down there. The market will trade to where the old and new volume is......so all these numbers are the old volume...we need to monitor the day session NEW volume to help us get the direction right.....


I'm looking to fade this low for at least the 42 area this morning....


Other old volume is way down at the 24 - 26 area and the only other line is that 33 VWAP line for me..hopefully we won't be going down there yet today
  • 1
  • BruceM
  • 31-Aug-2010 at 9:04 AM
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that 42 area is the low volume area from the O/N and the mid-range of the O/N session
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  • BruceM
  • 31-Aug-2010 at 9:29 AM
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seems like lots of Volume in this last 45 minutes before RTH...lets hope that translates into MUCH higher volume in Day session....
  • 1
  • Lorn
  • 31-Aug-2010 at 9:41 AM
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Just to confuse everyone here is 30min PRC with multiple fib projections.


Click image for original size
30fibprjec8312010
  • 0
  • Lorn
  • 31-Aug-2010 at 9:44 AM
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News at 9:45 and 10:00
  • 1
  • BruceM
  • 31-Aug-2010 at 9:57 AM
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for referenece . there is a gap at 52.50 from YD
  • 1
  • PAUL9
  • 31-Aug-2010 at 10:09 AM
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interesting place on the chart...

5 day average of H vs Open comes in today at 50.25

Pivot 51 area

50% of the RTH week (so far) 51.25
  • 1
  • DavidS
  • 31-Aug-2010 at 11:03 AM
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1054.75 from Fridays wave up and 1055 from Mondays wave down are the 50% retraces and Resistance levels.
1050 a definite pivot point. 1053.25 about where the 50 ma of the 1 hour chart is.
Downtrend line from 1128 now at about 1161 here.
  • 2
  • BruceM
  • 31-Aug-2010 at 8:27 PM
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Here is VWAP from the last 7 days...Since we haven't extended beyond last weeks highs or lows...YET!!

Top 5 entry today and I wasn't here to take it..the break of hour highs into a resistance area...just pointing it out
Click image for original size
vwap
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