ES short term trading 9-30-10


Key resistance up here at 47.75 - 50....short now...reports at 10 and a different open today in day session...monitoring for break out
204,939 ES shares traded for the 15 min period ending 11:30. The last time we traded over 200k in a 15 min period was 8/31 at the end of the day. Nothing comes close to this level of volume for quite some time.

I'd say this current low is important in someones mind.
so now you know why I was on the 33.50 prints
flat on 37.50 print

Go to jumpinfrontoftrains.com
Unreal.
I get busy looking through old charts and then see this huge downdraft.

Was there any news?

there is still a gap below at 27.25 down to 20.50.

It's days like this that make me sit back and say "come on, you don't really have any idea what the market will do..."
LOL...brains everywhere!

Originally posted by BruceM

flat on 37.50 print

Go to jumpinfrontoftrains.com
This is concerning (for bulls). Notice the delta at the bottom of the chart. Off the low of -49k we have only come off about 10k. Definitely a battle here at this low.


Click image for original size
footprint 9302010
only air pocket left is 43.50 and that is where single print traders are too....we need to remember we are still range bound until/if 27 area gives way


Biggest volume bar is one minute on the lows..
Prior pit session singles 27.25-31.25
no more charts today, that took too long
1131
Click image for original size
es 12 10 9302010 60 min12n
38.5 S/R
repelled by Cyan line on chart there(39.5)
Under articles tab,"Quarter End Markups" article suggests return to mean, at least somewhere about there, today.
35.50 the 50% retrace of lunchtime lift.
be careful if we can't breach 38.50 at any point we fall below it.
Rburns...here is a shot of that gap that caused me to cover shorts way to early...it goes on the radar though...didn't want ya to think I forgot about you....or that gap!!!!!
Click image for original size
gap001