selling 1240 and 1242...


  • 2
  • BruceM
  • 13-Dec-2010 at 7:23 AM
  • Rep: 216k
  • Posts: 19.9k
In O/N session.......1242 hasn't hit yet........betting they don't want to spend much time trading near the 1250 RAT on this opt. Exp Monday....


will hold for gap fill...
  • 0
  • pt_emini
  • 13-Dec-2010 at 10:44 AM
  • Rep: 5,707
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Game of chicken going on here at this 38.50 level.
  • 0
  • pt_emini
  • 13-Dec-2010 at 10:48 AM
  • Rep: 5,707
  • Posts: 1,941
Originally posted by pt_emini

Just entered short at 1239.25 at the low volume break point on Lorn's chart.



Closed the short attempt at 1240.00 with a 3 tick loss.
  • 0
  • BruceM
  • 13-Dec-2010 at 11:07 AM
  • Rep: 216k
  • Posts: 19.9k
trading for 38.50 run out...so short again
  • 1
  • BruceM
  • 13-Dec-2010 at 11:25 AM
  • Rep: 216k
  • Posts: 19.9k
symetric volume should bring market back to midpoint of range and run outthe 38.50
  • 0
  • BruceM
  • 13-Dec-2010 at 11:31 AM
  • Rep: 216k
  • Posts: 19.9k
39 is midpoint so buyers may protect a bit before that 38.50 ledge runs
  • 1
  • pt_emini
  • 14-Dec-2010 at 7:45 AM
  • Rep: 5,707
  • Posts: 1,941
My resistance this morning , pre- open , is 1239.75 - 1240.50.... (high vol + POC). Above that level is 1241.50 - 1242.00 (VAH + yest High).

Support clearly delineated at 1235.25. Below that is a low volume zone at 1232.00 - 1232.50 (in the middle of Friday's Value Area).

Got off a couple short trades yesterday late as market finally broke down through the 1238.50 support level.

This morning starting with a short at 1239.25

FOMC this afternoon, so expect things to slow down a bit through the late morning into lunchtime hours.

Click image for original size
ES TPO for Monday 12-13-2010
  • 3
  • Lorn
  • 14-Dec-2010 at 9:27 AM
  • Rep: 16k
  • Posts: 1,406
ON Profile before the open.


Click image for original size
onprofile12142010
  • 2
  • Lorn
  • 14-Dec-2010 at 9:54 AM
  • Rep: 16k
  • Posts: 1,406
Here are profiles for this developing week and the prior two weeks.


Click image for original size
30minmp12142010
  • 1
  • BruceM
  • 14-Dec-2010 at 9:58 AM
  • Rep: 216k
  • Posts: 19.9k
this is untradeable to me......watching pushes up away from Pivot and rat at 1237.50 to sell into..so basically using the 36 - 37.50 as a magnet...but haven't traded yet....


Last month on Tuesday and wednesday of Opt. expiration they kept it away from 1175 and 1200 Rats.......so lets see if they can keep it away from 1250 and 1225 over the next two days.....obvious Fed day and tax news may give the market some extra volatility but still watching those two areas as main keys
  • 1
  • BruceM
  • 14-Dec-2010 at 10:00 AM
  • Rep: 216k
  • Posts: 19.9k
and I might add that the 37.50 splits those two RATS...! at the very least it may be fun to watch
  • 1
  • i1hunter
  • 15-Dec-2010 at 4:47 PM
  • Rep: 1,730
  • Posts: 268
Great job from everyone! BruceM, Lorn, Monkey M, & Pt-mini.

Thanks for sharing the way you see.
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