ES Day Trading 5-24-2011


  • 3
  • neoikon
  • 24-May-2011 at 9:02 AM
  • Rep: 890
  • Posts: 173
PP to S1 52.8% 1312.75 (2T from O/N Low)
PP to R1 52.8% 1321.25 (O/N High)
  • 2
  • neoikon
  • 24-May-2011 at 12:55 PM
  • Rep: 890
  • Posts: 173
I'm a big fat liar. One more.

  • 1
  • BruceM
  • 24-May-2011 at 2:31 PM
  • Rep: 216k
  • Posts: 19.9k
and the world waits to see if they can close this pig above last weeks RTH lows.....so the 1315 - 1316 has lots of players watching that. Now we know why the POC from yesterday was at 1315.50.....just in case some where wondering.

I'm gonna cheer for the bulls here
  • 0
  • neoikon
  • 24-May-2011 at 2:39 PM
  • Rep: 890
  • Posts: 173
Originally posted by BruceM
I'm gonna cheer for the bulls here


Not saying this is going to happen, but perhaps the bears may be watching this:

  • 0
  • Lorn
  • 24-May-2011 at 3:12 PM
  • Rep: 16k
  • Posts: 1,406
trips taken out at 17.50 which then brought on a volume spike into 18. Curious to see if this thing has more steam to push up into end of day or not.
  • 0
  • johnpr2010
  • 24-May-2011 at 3:22 PM
  • Rep: 2,285
  • Posts: 274
Click image for original size
may24es
  • 0
  • PAUL9
  • 25-May-2011 at 7:31 AM
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johnpr2010,

I have one observation

this jumped off the chart at me immediately.

you have the red arrow signalling a bounce

did you notice that the red arrow on the left side of the chart is pointing at a price that undercut the previous swing low at the lower channel?

the current swing low has not undercut the previous swing low yet (well, it did overnight)
  • 0
  • johnpr2010
  • 25-May-2011 at 7:51 AM
  • Rep: 2,285
  • Posts: 274
You are right it should be showing like this.
  • 0
  • johnpr2010
  • 25-May-2011 at 7:52 AM
  • Rep: 2,285
  • Posts: 274
You are right it should show like this.
Click image for original size
may2511
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