Es short term trading 9-2-10


  • 3
  • BruceM
  • 2-Sep-2010 at 7:40 AM
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Numbers today

1082.50

1077.50

1071.75 - 1073.75 **** key support


1065.75


1059 - 1061***


Further upside will be determined by O/N high if reports at 8:30 rally the market
  • 3
  • CharterJoe
  • 2-Sep-2010 at 8:05 AM
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Here are some numbers on the NQ that should produce some good trades.
pay close attention to the 1828-1831 area lots of s&r around that area.

1801
1811
1823
1831
1847

sq nine
1807
1828
1849

other important numbers on the upside...
1842.5
1850.25
1860.5
  • 0
  • BruceM
  • 2-Sep-2010 at 8:44 AM
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I'm on 84.25 short looking for the 82.50 retest...yesterday was the "P" profile and thinking that they will try to fade extremes early on today
  • 2
  • BruceM
  • 2-Sep-2010 at 9:07 AM
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I like a "sell the rallies " mentality for the day session . If the O/N is going to stay symmetric then they will need to retest 80.50...so that is secondary target...may need to wait for day session...but that is 50% of O/N range and a swing low that seems too obvious
  • 1
  • Lorn
  • 2-Sep-2010 at 9:09 AM
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A look at PRC Bands on the 30 min along with some projections.


Click image for original size
30fibprjec9022010
  • 1
  • BruceM
  • 2-Sep-2010 at 9:20 AM
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Those PRC bands seem to produce some fairly low risk trades on the SECOND test of your bands Lorn...when they make the 1-2-3 pattern
  • 0
  • BruceM
  • 2-Sep-2010 at 9:22 AM
  • Rep: 216k
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two reports at 10 today..FYI.....I'm Only trading short above 82.50 today..or at least early on
  • 1
  • Lorn
  • 2-Sep-2010 at 9:24 AM
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I agree and even better when a decent fib number is projected into that area of the band or even better with a spike just above to touch a fib projection.

Originally posted by BruceM

Those PRC bands seem to produce some fairly low risk trades on the SECOND test of your bands Lorn...when they make the 1-2-3 pattern
  • 1
  • Lorn
  • 2-Sep-2010 at 9:30 AM
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A look at footprint into the open. Volume seems to be mostly above VWAP here in the O/N.


Click image for original size
footprint 9022010
  • 1
  • DavidS
  • 2-Sep-2010 at 9:31 AM
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Significant R 84.5-87.5
The fib levels to the left are for the decline from 1128-1037.

Click image for original size
es 09 10 922010 60 min3
  • 1
  • BruceM
  • 2-Sep-2010 at 9:48 AM
  • Rep: 216k
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so 80 - 82.50 will be our top dog after reports hit at 10....I hope they run it up first as I am not a great buyer of declines in general and would like an opportunity to sell the rally again...will look at 2.5 - 5 points above O/N high for shorts if they run it up...which goes well with some of your numbers David...

Key question: what kind of volume will it take to break it away from the entire consolidation of yesterday and the O/N..? I think a lot....as we consolidated for most of YD except that first hour run
  • 1
  • DavidS
  • 2-Sep-2010 at 4:01 PM
  • Rep: 3,181
  • Posts: 557
91 would be a good target usually.
seeing a lot of volume here
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