ES 5-10-2011


  • 4
  • Lorn
  • 10-May-2011 at 9:01 AM
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Interesting action so far. Look at that ledge forming and notice CD pushing down.


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esvwap05102011
  • 0
  • Lorn
  • 10-May-2011 at 10:02 AM
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This would coincide with that 2.618 projection up.

Originally posted by chrisp

longer time frame.... I am looking for a test of the 1355 area, as a 61.8 retr of last weeks globex 73.5 - 25.25. fwiw
  • 2
  • BruceM
  • 10-May-2011 at 10:04 AM
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finally some negative ticks...volume poor on this run up..compared to YD volume..trying for 47.75 ..low volume there
  • 2
  • Lorn
  • 10-May-2011 at 10:07 AM
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See how CD released back to its O/N high, exceeded it slightly while price did not. Now we are going to find out who has the upper hand, bulls or bears.


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esvwap05102011b
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  • apk781
  • 10-May-2011 at 10:09 AM
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have that projection up on the 30 min chart as well lorn, but fwiw i also have some intermediate stuff in the 52.5-53 area that might clog the way to 56.5-57...and that 52.5-53 area could coincide with decent resistance on ym around 725...that's why i like that area before 56.5-57...if we even go up there, that is...

Originally posted by Lorn

This would coincide with that 2.618 projection up.

Originally posted by chrisp

longer time frame.... I am looking for a test of the 1355 area, as a 61.8 retr of last weeks globex 73.5 - 25.25. fwiw

  • 2
  • BruceM
  • 10-May-2011 at 10:21 AM
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lets see if the $tick and volume divergence is enough to roll it down over from new highs
  • 2
  • PAUL9
  • 10-May-2011 at 10:26 AM
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This lift is a search for stops above / at Friday's Highs. (1351.75)

interesting how it prints to the tick.

I prefer to see print 1 tick past (above Fri H)

without exceeding the High, ther is always a question as to whether there are sellers or buyers above the previous H.

price can intraday retrace, but then go up and try again.
  • 2
  • BruceM
  • 10-May-2011 at 10:27 AM
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plan is to add above 52.75...great entry before and missed my exit so now jammed up
  • 0
  • BruceM
  • 10-May-2011 at 10:36 AM
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need to get back under O/N high...single prints below..volume still poor on this up move
  • 1
  • MonkeyMeat
  • 10-May-2011 at 11:03 AM
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btw, Paul's Monday RTH .618 move comes in at 1353.25 (or 1353.50) ... which, if reached, then suggests price is likely to trade the full 1.0 X Monday's range at 1357.75 ... just a heads-up
  • 1
  • PAUL9
  • 10-May-2011 at 11:22 AM
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I was just going to mention that, MM.

no way to know whether it hits or not.

have to see whether vwap acts like support

one crutch I do lean on is the NQ. I watch it expecting it to be a leader. but right now it is a laggard. could pull ES down

vwap currently near 1349-1349.25
  • 2
  • PAUL9
  • 11-May-2011 at 6:13 AM
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Thanks, Lorn.

That is a goal I have to persue.

your reminder has increased my determiniation.

it is now time for action.
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