ES Monday 11-7-2011


  • 6
  • Lorn
  • 6-Nov-2011 at 4:16 PM
  • Rep: 16k
  • Posts: 1,406
Here is Friday's Vprofile on the right and Thursday's on the left. Pretty clear to see where prices reversed based on Thursday's LVN's.

Friday was a neutral day defined in MP terms. Dalton writes "we recommend that you trade with any directional auction following a neutral/balancing day; when markets come out of balance, there is always at least a short-term opportunity to take advantage of the ensuing auction."

1244-1245.50 is an important LVN as prices jumped down and up this zone followed by a support pivot in late afternoon.

Highs and lows are the other two obvious zones from Friday's trade.


Click image for original size
esvwap11062011
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  • 3
  • Lorn
  • 7-Nov-2011 at 8:34 AM
  • Rep: 16k
  • Posts: 1,406
Hope everyone has noticed the current O/N high and low has respected Thursday's RTH high and low indicating those LVN's are still important.
  • 0
  • della
  • 7-Nov-2011 at 10:59 AM
  • Rep: 550
  • Posts: 588
Lisa was there any vol up there at the 54 55 area this morning before the sell off down to this area
  • 1
  • Lisa P
  • 7-Nov-2011 at 11:02 AM
  • Rep: 6,498
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Della, no big volume, not even a medium volume, 2-3K or about that
  • 2
  • Lisa P
  • 7-Nov-2011 at 11:11 AM
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Largest volume today at about 10

Click image for original size
2011 11 071103
  • 1
  • Lisa P
  • 7-Nov-2011 at 11:12 AM
  • Rep: 6,498
  • Posts: 1,428
Macro view. Of notice
1 we are backfilling a thinly-traded area
2 single prints above

Click image for original size
2011 11 071110
  • 1
  • Lisa P
  • 7-Nov-2011 at 11:16 AM
  • Rep: 6,498
  • Posts: 1,428
singles filled
  • 0
  • della
  • 7-Nov-2011 at 11:19 AM
  • Rep: 550
  • Posts: 588
Russ hasnt broke this morning
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