ES Short Term Trading 11-17-10


  • 2
  • i1hunter
  • 17-Nov-2010 at 9:54 AM
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I think, today we will be trading within 1184.00 and yesterday's low 1171.00.
My daily projection #s for today are:
1,184.75 - 1,180.50 - 1,176.25 - 1,171.75 -

Below 1171.00 --- 1,167.75 - 1,163.40 - 1,159.25 - 1,157.253

Will see. The market always has the last word, and in due time will show me the way.
  • 3
  • Lorn
  • 17-Nov-2010 at 10:06 AM
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1180.50 is a Low Volume Node from yesterday and above that is 1182 for a High volume Node. So we will see if prices have difficulty getting through 80.50 based on yesterday's action.
  • 1
  • i1hunter
  • 17-Nov-2010 at 10:39 AM
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Yes and it hit your 1180.50 did zig-zag a bit there to a high of 1182.00. The 1.618 was there also. Now it is moving back down towards the MdP at 1172.00. ES now trading at 1180.00 10:39
Originally posted by Lorn

1180.50 is a Low Volume Node from yesterday and above that is 1182 for a High volume Node. So we will see if prices have difficulty getting through 80.50 based on yesterday's action.
  • 1
  • i1hunter
  • 17-Nov-2010 at 10:52 AM
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In the down side there are some support at the 50% from this morning's high (1182.00 so far) and yesterday's intraday low range, at 1176.25 or so. ES now trading 1179.75 10:51

Now, moving back up and above 1182.00 will cancel the down side 1172.00 and will target 1188.00 or 2.618% and R1 with some resistance at 1185. MDP.
Originally posted by i1hunter

Yes and it hit your 1180.50 did zig-zag a bit there to a high of 1182.00. The 1.618 was there also. Now it is moving back down towards the MdP at 1172.00. ES now trading at 1180.00 10:39
Originally posted by Lorn

1180.50 is a Low Volume Node from yesterday and above that is 1182 for a High volume Node. So we will see if prices have difficulty getting through 80.50 based on yesterday's action.

  • 2
  • Lorn
  • 17-Nov-2010 at 11:08 AM
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This is the developing weekly volume profile. You can see where the volume nodes are by the lines. Red = low volume node, green = high volume node.

1180.50 has become 1179 as the current low volume area.


Click image for original size
30minmp11172010
  • 0
  • i1hunter
  • 17-Nov-2010 at 11:22 AM
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Time for lunch, will see what happens after 13:30
  • 1
  • Lorn
  • 17-Nov-2010 at 11:43 AM
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Fib projection up off YD low. Prices came within a tick of the 1.618 target.


Click image for original size
30fibprjec11172010
  • 0
  • Lorn
  • 17-Nov-2010 at 2:08 PM
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Well this is some range trading at its best here at 2:07pm.
  • 0
  • i1hunter
  • 17-Nov-2010 at 2:16 PM
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Little surprise near end of session, maybe good for fast scalpers.
  • 0
  • i1hunter
  • 17-Nov-2010 at 6:11 PM
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Lorn. Thank you for your charts and comments.
  • 0
  • BruceM
  • 17-Nov-2010 at 7:48 PM
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STARTING on SHORTS O/N 80.75 PRINT
  • 0
  • BruceM
  • 17-Nov-2010 at 10:37 PM
  • Rep: 216k
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took loss at 83.75....trying again from 86.50 as it was peak volume early on Mondays session...will add at 1188 ..targeting 84.50 if I add on at 88 number
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