ES Monday 9-26-11


The numbers below are for Monday. The bold numbers are important S/Rs. the others are minor s/r. If you find congruency between the numbers posted below and the ones you got, and the market is trending in that direction, then it's most likely the market will hit it.

For Sep. 26. Monday

Buy above 1133.25

with 1137 / 1141.50 / 1145 / 1150 / 1154
Extreme 1158 /1162
as outside resistance and objectives.

Sell below 1128.75

with 1124 / 1120.25 / 1116.75 / 1112 / 1109
Extreme 1103 / 1095
as downside support and objectives.

As always, the market has the last word and in due time will show us the way.
I see for you the same I see for my self: having the very best of luck and a fun, awesome, profitable trading day!
Still gap on INDU. BElow 30-min chart

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2011 09 261557
Originally posted by sandoxe

NICE! It hit 1158!
ES now trading 1158.00 @ 15:57 E.T.

Here is the 3 minute chart with the S/Rs and the fib. ext. posted earlier. I do apologize because the fibs where off in my post. I have no idea how people do it, posting charts and trading! I can't even post correctly.
Ok, the 1.618% and 200% extension was derived from 1144.25 high, and 1131.25 as seeing in the chart. Notice the resistance cluster at 1158.00 is like it hit a wall in that 3 minute chart.

The day started somewhat off for me, but end up to be fun! awesome trading day!


Click image for original size
es 3 minute 092611
Originally posted by sandoxe

The idea is to post different views. Mine is support resistance. I even say in the post, that if there's congruency between the posted numbers and your numbers then there's some value at that S/R. -- What's the big deal?. - . I'm just providing a perspective here, no more no less.

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if there's congruency between the posted numbers and your numbers then there's some value at that S/R.

You bet
In another room I had two targets posted ... 1144.25 T1 1158.25 T2 ..
both hit and that put another target on the radar .. 1172.25 .. I watch mid points so 1158.25 + 1172.25/2 = 1165.25 will likely be a speed bump if ES heads on up to 1172.25 .. a close above 1171.25 (mid point of a cal. range) would also be bullish imo. I know targets 1 & 2 were posted after the fact so 1172.25 T3 and mid point 1165.25 are posted early ... see how this plays out
I also have 66.50 as a potential speed bump.. above 70.50, we may test 96.. Both VAH/VAL are attractive buys.. Good luck and happy trading all..:)
Good numbers guys. 1143 is the balance. The objective now is at 1283.00 possibly Monday Nov. 10. Taking it step by step your numbers are walking with the market.

Below 1143.00 will void the objective.

As always, the market will show us the way.
well since we are all making projections here and predictions I'm putting my prediction on the 52.75 retest.....above this 61.25 area though I have 67.75, 71.75 and the big number at 76.50...real close to what you folks have posted...these are all fade points ....assuming I was awake...