ES 6-14-2011


See note from ES 6-13-2011 thread. Add 1276.25-.50 as a S/R level.
Originally posted by BruceM

1280 - 81 and 1286 - 1287 are key resistence today...key on downside here in O/N is 72.50 - 73.75 September contract...

good trading today!!

Bruce, just curious why you have 86 - 87 as a key resist? that area also range targets using 30 and 60 min range BO and symm pull backs now...
The trading on 6-9 spent tons of time in that zone Chris...
the other thing I do is I equate what the difference is between the June and September contract...that is about 5 - 6 points...so we can look at the June key areas and create the areas on the September contract...especially when we are so close to rollover
I like it. 1291 key level doesn't know the contract rolled over(think cash index) and it equates to the 1285.50 level. I just change my charts and roll with it with those key levels in mind. The big one at 1332 is now 1327 area, as another example. Kind of like MP note taking.
Bernanke supposed to be speaking soon.... 2:30
highest one minute volume is at 82.50 - 83.75....and they have been using it well since about 10:30 est...obviously us that are trying to push short need to get under that.....but we have lots of things in our way...POc's and 50% back...certainly not expecting much...what volume players need to see is even GREATER volume than that bar in order to see something happen in either direction...till then it gravitates back to it
Bruce my highest 1 minute volume spike is at 9:25 Central Time from 80.50-81.25??

My data is most likely suspect as you have WAY more horsepower than I!

I'm just glad I got filled @ 1286.25! I NEVER got filled at the absolute extreme-LOL.

Good luck to all.
Update. Blue line - gap close

Click image for original size
2011 06 141459
I was going by IB which pools the data and I like that for one minute volume targets.....but yours may be better......and nice trade and hold..big mike..that is a cool zone up there...
Originally posted by Big Mike

Bruce my highest 1 minute volume spike is at 9:25 Central Time from 80.50-81.25??

My data is most likely suspect as you have WAY more horsepower than I!

I'm just glad I got filled @ 1286.25! I NEVER got filled at the absolute extreme-LOL.

Good luck to all.
twice the IB came in at 87 so that was nice confluence....still gotta get through that 82.50 - 83.75....still not expecting miracles or a big selloff but will take it
have a good one