ES Thursday 10-20-2011


  • 3
  • Lorn
  • 20-Oct-2011 at 8:10 AM
  • Rep: 16k
  • Posts: 1,406
Click image for original size
esvwap10192011
  • 1
  • DavidS
  • 20-Oct-2011 at 10:30 AM
  • Rep: 3,181
  • Posts: 557
DJI using 11525 with 11400 area 50% level
11650 above
  • 1
  • Lorn
  • 20-Oct-2011 at 10:41 AM
  • Rep: 16k
  • Posts: 1,406
Vpoc keeps flipping between 08.50 and 06.50 representing the current neutral trade going on. Yesterday prices consolidated above that 1215 LVN. Now they are consolidating below it. Trade the edges as to clear side has the advantage right now.
  • 0
  • Lisa P
  • 20-Oct-2011 at 11:03 AM
  • Rep: 6,498
  • Posts: 1,428
Just popped, after a decent move down - maybe end of current move

Click image for original size
2011 10 201101
  • 0
  • Lisa P
  • 20-Oct-2011 at 11:05 AM
  • Rep: 6,498
  • Posts: 1,428
also my chart shows NQ closed the old gap of 10/12
  • 1
  • PAUL9
  • 20-Oct-2011 at 11:10 AM
  • Rep: 14.9k
  • Posts: 1,170
what a mess.

I mentioned the 600xma earlier this week.
Price is now testing ait again (1199=600xma on RTH only 5min bars)

if bounce finds resistance 1202 area and starts lower, 87 area should show up (Lows of 10-18-11).

BTW
50% of last week's range is 1196.

50% of this week's range is 1108
  • 0
  • DavidS
  • 20-Oct-2011 at 11:11 AM
  • Rep: 3,181
  • Posts: 557
every level broken needs to be retaken and held
1200 up to bat
volume peeps got any targets above?
  • 0
  • della
  • 20-Oct-2011 at 11:21 AM
  • Rep: 550
  • Posts: 588
watching LV area for 92. to 95. area
  • 1
  • Lisa P
  • 20-Oct-2011 at 11:21 AM
  • Rep: 6,498
  • Posts: 1,428
DavidS, volume distribution

Click image for original size
2011 10 201120
  • 1
  • PAUL9
  • 20-Oct-2011 at 11:22 AM
  • Rep: 14.9k
  • Posts: 1,170
chance of minor reprieve right now as the recent swing L was accompanied by a positive divergence in the $TICK.

I still think 1200-1202.50 as resistance now.
  • 1
  • sandoxe
  • 20-Oct-2011 at 11:25 AM
  • Rep: 445
  • Posts: 418
ES moved below yesterday's 1201.50 low. and testing it right now as S/R, failure to find support here will target Fibonacci projections down to 1192 and 1186.00. 1186 was 10/19 15:30 low. Will see if it give to us.

ES now trading 1199.50 @ 11:29 E.T.

As always, the market has the last word and in due time ill show us the way.


For the next hours, the next days, next weeks, next moths, next years to come, I see for you the same I see for my self: Having the very best of luck, fun, awesome, incredible profitable trading experience!!
Originally posted by MonkeyMeat

I say we all pitch in and fire a couple of McDonald's "happy meal" gift certificates to Bruce when his "reputation" number busts 50K. He's almost there. Any takers?

I've tried to buy Bruce trading books in the past but he keeps on turning me down. He's a very hard man to give gifts to but if he'll accept a gift I will happily join in.
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