ES key levels on the downside

some levels as we go forward....downside only..wishful thinking perhaps as the world seems on bullish. Ranges are fairly small so zones are tight...not much room from level to level


1213.50 - 15.25 - VPOC and spike initiation point ****** key support for friday,,longs don't want it to open below that on Friday morning!!


1207.50 - 09.50 Thursdays RTH open and low volume

1202 - 1204.75 - VPOC from Thursdays O/N session

1197- 98.75 Gap and VPOC from ON

87 -91 VPOC and low volume - may rotate here a bunch to fill in the profile

84.50 - low volume area begins and HV from composite



78 - 81 ***** major support , the center of the universe....we have been watching this number for a long time

Originally posted by Big Mike

Originally posted by pt_emini

Entered short 1223.25

Good call so far!

I will buy at 1211 weekly PP and adding at 1210 if need be. Target 1218.

Good luck to all.

ouch!

so far our zones are working out well....key now is this 1202 - 1204 as mentioned below......

Originally posted by BruceM

some levels as we go forward....downside only..wishful thinking perhaps as the world seems on bullish. Ranges are fairly small so zones are tight...not much room from level to level


1213.50 - 15.25 - VPOC and spike initiation point ****** key support for friday,,longs don't want it to open below that on Friday morning!!


1207.50 - 09.50 Thursdays RTH open and low volume

1202 - 1204.75 - VPOC from Thursdays O/N session

1197- 98.75 Gap and VPOC from ON

87 -91 VPOC and low volume - may rotate here a bunch to fill in the profile

84.50 - low volume area begins and HV from composite



78 - 81 ***** major support , the center of the universe....we have been watching this number for a long time

banging on 91 area now....there is low volume between the 91 and 87 zone I mentioned above....if they can't rally it off here ( the 91 number)then they will tag the 87 and SHOULD rotate back a bit between those two numbers to fill in that days profile

Looks like market is stuck between 1197 high volume and the 1203 breakdown level.

Market zig-zagging across the moving averages which are flattening out, confirming this tight trading range.

Morning TPO chart:

using a 3 day composite profile, we have some high volume at 1205.50

trying a little short at 1205.50

assuming 1203.00 will act as support now ...

noticing low vol at 1203.50, so will exit there.

I was mistaken, low volume is actually at 1202.00, not 1203.25-.50. I misread the chart at first glance... in any event I did exit the short at 1203.50.

we are now in the 87 - 91 zone from page one...another key zone to fill in....may consolidate a bit in here in the O/N session...hopefully we are still on our way to the 81 - 78 area

we are now at the "center of the universe" . The 78 - 81 zone...You can usually expect some rotation at these big numbers if then don't immediately reject them..........The lowest risk longs would be to wait to get under 78 and then trade for a retest but they don't always drop it straight through these major zones....bottom line is too be careful down here!


Always smarter to get out ( assuming you were short) ahead of these major zones....

Average True Range for RTH I'm currently showing 15.80 ES points. We are now 17.75 points.