ES 7-01-2011


  • 5
  • Lorn
  • 1-Jul-2011 at 8:17 AM
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Important reference numbers starting today.

Monthly close 1314.75 (4:15pm), keep in mind this is also a quarterly close.

Monthly High/Low 1342.25/1252.25

Quarterly High/Low 1368/1252.25

50% of quarterly range is 1310.25, so we have closed above that.

VPOC for the Quarter was 1323.00 and the profile has peaks in two places, at the lows between 1260-1280 then again near the June highs between 1220-1240.

Keep in mind these are all based on the September contract.
  • 4
  • Lorn
  • 1-Jul-2011 at 8:24 AM
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If you will recall from yesterday Bruce and I were talking about a HVN around 1307.75 from the weekly selloff from early June.

Now yesterday has created a weekly LVN at 1307.75.

This number is now critical support for the bulls.
  • 4
  • Lorn
  • 1-Jul-2011 at 9:04 AM
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June highs should read 1320-1340....

I blame Bruce!

Originally posted by Lorn



VPOC for the Quarter was 1323.00 and the profile has peaks in two places, at the lows between 1260-1280 then again near the June highs between 1220-1240.

Keep in mind these are all based on the September contract.
  • 2
  • DavidS
  • 1-Jul-2011 at 9:19 AM
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If one notices, the first of the month has been negative the last 2 months in a row. Prior to that, the 1st of the month had been positive for quite a run. Not saying it will happen today. Just adding to your awareness.

Parabolic moves usually end with severe and sharp retraces,when they end.

Holiday weekend pending.

That, and the levels posted yesterday. Currnetly above 1310.50 s/r.
1313.50-1314 intermediate s/r level.
  • 0
  • Lorn
  • 1-Jul-2011 at 9:24 AM
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Good observation Dave.

Originally posted by DavidS

If one notices, the first of the month has been negative the last 2 months in a row. Prior to that, the 1st of the month had been positive for quite a run. Not saying it will happen today. Just adding to your awareness.


  • 0
  • DavidS
  • 1-Jul-2011 at 9:27 AM
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Yours too. Also noting the hourly 50 sma at 1207 area.
  • 2
  • BruceM
  • 1-Jul-2011 at 9:29 AM
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overnight has the bell curve so only using those highs and lows early...would like to sell higher....reports in early trade today
  • 2
  • Lorn
  • 1-Jul-2011 at 9:29 AM
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O/N Profile.

5 point range while the 5 day average range is currently 20. First day in a week prices are opening within yesterdays value.


Click image for original size
esonprofile07012011
  • 3
  • DavidS
  • 1-Jul-2011 at 9:57 AM
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Also noting this is now the third lower high from the April high now even if it retraces right here. Downtrend line at 1315 level currently.It can be higher. No requirement it stops hereby that.

Also will add the 223 extension is about 1323 and that 61.8 level from the range is 1324.

Also keeping the 1315 level in mind from the Gann mention yesterday.
Thanks again for that.

Even if a correction , can run a lot higher without violating the downtrend.
  • 1
  • Lisa P
  • 1-Jul-2011 at 10:08 AM
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Volume nodes

Click image for original size
2011 07 011007
  • 2
  • BruceM
  • 1-Jul-2011 at 10:12 AM
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sold the plus 8 just now...25 is a key rat....
  • 0
  • Lisa P
  • 1-Jul-2011 at 4:06 PM
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They maade us wait until Tuesday...lol
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