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!
Originally posted by tradezilla

Sandoxe, I appreciate real time posts and was doing the same as you knew.. I don't mind doing it but I know I will over post if I did it again here..

Tradezilla: Just post two or three trades per day, keep it simple.

I will try to focus on how people use their M/P and post something congruent with the S/Rs. The objective is to make money in the process of learning......we never stop learning....Well, I can only speak for my self.
I can just post the trade but it will look like I'm showing off.. My reasons for entering/holding/exiting are many b4 and after which leads to the over posts.. I'm watching the levels here but moved to a skype rm to see what others are doing real time..

I see that 44 was a LV area.. single prints & low volume areas often don't appear in my radars and I'd like to see them in the future to see if they line up with anything I have.. I'd also like to hear your proprietary method and am willing to show mine if you pm me..
trad you trade 240 you said friday what do you mean?
5th shot to the 44.00 on 5 min
Bruce I just saw your post. sorry. The 1144/45 area is also a 78% retrace from O/N high 1150.75 and the 1123.75 low. ES just now broke the 78% resistance. and moving towards the O/N high 1150.00. Now 1144/5 is support .

ES now trading 1146.00 @ 15.02
ES made a high at 1149.75 at 15:18. I'm looking for one more test to 1150.00 If breaks 1151 Then 1150 becomes support and it's possible that it will target 1158 with 1154 as resistance.
1158 is and S/R and also 1.618 from the O/N high and 1123.75 low.
ES now trading 1149.50 @ 15:30 E.T.
Originally posted by della

lisa its having hard time up here to brake out any big boys out there

Della, sorry was out , just came back. Checked the charts - no big boys showed up when I was out.
Originally posted by sandoxe

ES made a high at 1149.75 at 15:18. I'm looking for one more test to 1150.00 If breaks 1151 Then 1150 becomes support and it's possible that it will target 1158 with 1154 as resistance.
1158 is and S/R and also 1.618 from the O/N high and 1123.75 low.
ES now trading 1149.50 @ 15:30 E.T.

Correction. 1153.00 is 1.618% from O/N high and 1123.75. and 1158 is 200% extension. So, 1153/4 has a resistance cluster and it needs mucho momo to move true. Will see.
Es is still under 1150 and trying to move up.

ES now trading 1149.75 @ 15:37
ES is now testing 1154. 1153 at 1.618% becomes support and 1158 is next objective. Below 1152. objective is void. (1158 End of session possibly)

ES trading 1154.25 @ 15:54
NICE! It hit 1158!
ES now trading 1158.00 @ 15:57 E.T.
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...