ES key numbers for 3-30-11

1300 - 1301.25 *** this is Tuesdays low and an area we have been watching recently that held. Volume spike at 1301.25 today.

1305.75 - 1307.00 - *****This is the value area low and a volume area that was created today. Also a Low volume area and some rejected that area quickly today. The opening range is in here too from Tuesday. Standard pivot formula S1 is in here.


1310.75 - 1311.75 ******* the big kahuna...we have the POC in here, volume spikes, and the standard pivot is in here. We also have a low volume area and the market moved away swiftly from the 1311.75. Any good shorts and buying failure will go back to this point. A big magnet that needs to be remembered even if it doesn't fill in on Wednesday. The opening range for the Week is also in this zone.



1315 - 1315.50 - *****This is Monday's High and the 4PM close sits here from Tuesday. Value area high is here too.

1320-1322.50 - we have multiple tops here and the R1 level sits up there.....monitor for poor volume and lack of follow through on any breach of that area


There are no 10 a.m reports on Wednesday but a few before 8:30 in the morning. This was some what of a trend today so it should be a better day tomorrow to buy into breaks and sell rallies early in the session. I prefer the sell side but not on declines.

food for thought,
ES was not able to get below AH mid Pt of 19.50.

Top Notch feed for sure!

Originally posted by optimusprime

Bruce: i use CQG for my data feed which is awesome. i haven't had many no fills.. i used to use zen fire and it seemed i never got filled except on stops which we all know happen lightening fast on any system. you can see a huge difference in price action between the two data feeds. something you may want to check into sometime.

Originally posted by koolblue

Click image for original size

...And that includes the move we are in right now!...

Ayn, remember the one min projection?

Originally posted by koolblue

Ayn, remember the one min projection?

and the green bars are still barely visible!

yep spot on...

Originally posted by koolblue

Ayn, remember the one min projection?

I second CQG, very reliable data.

Originally posted by optimusprime

Bruce: i use CQG for my data feed which is awesome. i haven't had many no fills.. i used to use zen fire and it seemed i never got filled except on stops which we all know happen lightening fast on any system. you can see a huge difference in price action between the two data feeds. something you may want to check into sometime.

1322.75 bingo is a good short scalp ,imho

Originally posted by ayn

yep spot on...

Originally posted by koolblue

Ayn, remember the one min projection?

..now i think you see how i do it.. i also glance at the 5 min and 13 min charts occasionally so i dont lose perspective of the bigger picture(which remains very positve)...and now you see why i had to place my stop above 1322.75!

I see it now, Kool. Thanks