ES Tuesday 10-11-11

Originally posted by destiny

only one trade for me as ES pulled back to OR high after A up. Trading mainly CL and waiting for ES to come to my area of interest has been helpful.

http://www.screencast.com/t/yf6a5LMvT23

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Originally posted by sandoxe

Here's an all sessions 10 minute chart with the pivots for tomorrow. As you can see, some of the levels are congruent with previous highs and lows.
The 1167.00 S1 level is a nice support bc the daily trend line is crossing that area tomorrow morning. So "if" (don't you hate that word?" ) the market moves down, it's a good place to consider taking profits and maybe look for a buying set-up. Below that, the next level will be 1144.25. Way down there, but it's good to know that's there.

For the outside. Notice that we have an MDP at 1191.50. And today's high is near by at 1192.25. So, moving above 1192.25 will target 1200.00 (I have 1200 objective for 10/12/11 but it could due it tomorrow) and possibly the 09/20 high at 1214.50. But there's a daily resistance trend line crossing tomorrow at about 1195.00. Will be great if it jumps it overnight and never looks back. That will be bullish!!!!

Will see. As always, the market has the last word and in due time will show me the way.

I see for you the same I see for my self: Having the best of luck and fun, awesome profitable trading day!

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