ES 5-6-2011


  • 2
  • Lorn
  • 5-May-2011 at 9:30 PM
  • Rep: 16k
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Just wanted to point out on this 30-min chart with weekly volume profile on it the massive uptick in volume today on the one large down bar.


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es30min05062011
  • 1
  • BruceM
  • 6-May-2011 at 8:15 AM
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  • Posts: 19.9k
If the report is bad I have key area down at 1318.75 - 20. This is a gap area that has been unresolved. Head and shoulder folks will be watching that area too. Otherwise 46 - 48 is the key zone on the upside. Good luck today.
  • 1
  • Silverharp
  • 6-May-2011 at 8:43 AM
  • Rep: 700
  • Posts: 128
this is the dow but fighting fib number here. does anyone know does the trading tend to fade over the day on NFP day?

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st12
  • 2
  • BruceM
  • 6-May-2011 at 9:20 AM
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small short at 49...me and the O/N.....lots of numbers up here.......52.50 - 55 is next zone if wrong.....no other reports today

targeting 45.50...
  • 2
  • BruceM
  • 6-May-2011 at 9:25 AM
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flat 46.75....this is key zone so I was looking for sells above it "knowing " that they would probably attempt to retest it after trading above it


sorry for the late post...hopefully the logic is understood


48.75 has volume at it now so we have a nice resistance zone with that and the O/N high....to sell against in Day session


42.75 BEGINS to define the low volume area from the O/N session
  • 2
  • BruceM
  • 6-May-2011 at 9:30 AM
  • Rep: 216k
  • Posts: 19.9k
41- 42.50 is the first POSSIBLE support zone if any is to show up...this is the O/N air pocket....and it's always good to know the point that initiated news moves......that point would be down at 38.75!!
  • 2
  • BruceM
  • 6-May-2011 at 9:35 AM
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starting RTH shorts at 48.50 print ...this will most likely need to be added to so light up here....add ons will be above O/N highs if they come


no reports to mess me up at 10 today
  • 2
  • BruceM
  • 6-May-2011 at 9:50 AM
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where was/is the plus 4 - 5.5 number ? a few simple ideas and trade failure outside O/N highs.........keep it simple,,,I don't mention the pitbull numbers because most think they are too silly to actually work....

Oh,well...

trying for 42.50 as next target
  • 2
  • BruceM
  • 6-May-2011 at 11:43 AM
  • Rep: 216k
  • Posts: 19.9k
strating new sells now at 49.25...target is 46.50,,,looks like a fake of 60 minute high break
  • 1
  • Lorn
  • 6-May-2011 at 11:55 AM
  • Rep: 16k
  • Posts: 1,406
Here we are at the NY lunch hour. Pretty straightforward looking, nice hidden divergence at the top, overall volume is light.


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esvwap05062011
  • 0
  • BruceM
  • 6-May-2011 at 12:13 PM
  • Rep: 216k
  • Posts: 19.9k
taking a piece off at 43.75 and trying to hold two runners...can't expect too much..they may neded to work on 46.50 some more before deciding a real direction
Yes BruceM, I am very appreciative of your posts. Wife and I are getting ready to hit the road for a year long travel across this great land of ours in our new fifth wheel RV. So I am a bit distracted but once on the road I will be spending my mornings following along.

Thanks again.
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