ES 4-27-2011


  • 4
  • Lorn
  • 26-Apr-2011 at 9:27 PM
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Here is a 30-min chart with the developing profile for the week. On the lower pane I have a relative volume study giving feedback for the past 200 trading days. Quite interesting the rally over the last week has come on some seriously weak volume in relative terms to the last 200 days of trading.

Notice the one bar from todays session which is about 130% above normal 200 day volume, that came on the high reversal bar for the day...

Click image for original size
es30min04272011
  • 1
  • BruceM
  • 27-Apr-2011 at 9:27 AM
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biggest opportunity is if they do a first push up but also biggest risk as the key number 1350 looms above!!
  • 1
  • BruceM
  • 27-Apr-2011 at 9:36 AM
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started core RTH shorts at 45.75...ultimate goal now can be the gap fill but we have lots of work to get there.......plan is still target 44 for O/N positions
  • 0
  • della
  • 27-Apr-2011 at 9:54 AM
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Really nice call bruce
Originally posted by BruceM

started core RTH shorts at 45.75...ultimate goal now can be the gap fill but we have lots of work to get there.......plan is still target 44 for O/N positions
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  • BruceM
  • 27-Apr-2011 at 9:56 AM
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thanks....so far so good..we have a low volume push away from the 44 so I expect it to return to that number again
  • 2
  • BruceM
  • 27-Apr-2011 at 10:07 AM
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next target will be low volume of 42.50 from YD
  • 0
  • della
  • 27-Apr-2011 at 10:19 AM
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Love watching bonds as they move up minis move down
Originally posted by BruceM

next target will be low volume of 42.50 from YD
  • 0
  • wxtrader001
  • 27-Apr-2011 at 10:30 AM
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Good morning,every one.
It looks like much weakness in ES!
  • 0
  • wxtrader001
  • 27-Apr-2011 at 10:38 AM
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well ,if there is a double top pattern in ES 30min chart,the book target will be 1340.5-(1346.5-1340.5)=1334.5
  • 1
  • Lisa P
  • 27-Apr-2011 at 11:31 AM
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Looks like bears gave up

Click image for original size
2011 04 271130
  • 0
  • Lisa P
  • 27-Apr-2011 at 11:34 AM
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my market is left-justified, so could not place it near the cell in 3P column
  • 0
  • Lisa P
  • 27-Apr-2011 at 4:16 PM
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Last chart for today...lol
Click image for original size
2011 04 271615
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