ES Short Term Trading 02-04-2011

Reply to Topic

Weekly RTH profile.

Click image for original size

Correct me if I am wrong KB but from that initial reaction off of the jobs number it looks like the ES wants 1296.0 from an initial projection off of the 1308.5-1300.75 move and 1288.25 for a full move unless we take out 1308.5.

I'm sure Kool will confirm but that is what I have as an initial projection. I'm being a little suspect of it though because of the nature of that reaction down.

Originally posted by prestwickdrive

Correct me if I am wrong KB but from that initial reaction off of the jobs number it looks like the ES wants 1296.0 from an initial projection off of the 1308.5-1300.75 move and 1288.25 for a full move unless we take out 1308.5.

I hope the above helps someone. I focus on energy futures and the initial projection for CLH1 off of the jobs number was 90.62 (based on the 91.35-90.90 move). While I was typing the above it hit 90.63 and I missed it and it just rebounded to 91.20. Ugh. Kools Tools work most of the time in all markets I have tried them with.

O/N Profile.

Click image for original size

Originally posted by prestwickdrive

Correct me if I am wrong KB but from that initial reaction off of the jobs number it looks like the ES wants 1296.0 from an initial projection off of the 1308.5-1300.75 move and 1288.25 for a full move unless we take out 1308.5.

..correct, that would be by the book

Today, believe it or not, im looking for a relatively flat day (on a closing basis).. its too late now ,but historically speaking , you always fade the NFP move!!! from Bespoke...

Click image for original size