ES Friday 12-9-11


  • 2
  • pt_emini
  • 9-Dec-2011 at 8:33 AM
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Yesterday the ES formed a Trend Day pattern on the market profile

As expected, this morning trade has bounced back into yesterday's range

We have a gap fill at 1230.25 (March 2012 contract)

50% of yesterday's wide range (41 ES points) is 1245.50
(below that level trend bias remains short)
  • 1
  • BruceM
  • 9-Dec-2011 at 10:55 AM
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just went flat at 41.50...not a clue here....would like to see single prints form on a breakout of the hour high into the 46 - 47 area to fade ( sell ) ...above that 50 - 51 is a big number for me
  • 0
  • Lisa P
  • 9-Dec-2011 at 10:56 AM
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news are imminent, so I am not guessing. standing down
  • 1
  • NickP
  • 9-Dec-2011 at 10:57 AM
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the results of the eu summit were published o/n lisa, so the core results are known already
  • 0
  • Lisa P
  • 9-Dec-2011 at 11:00 AM
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there still a press conference
  • 0
  • Dubya
  • 9-Dec-2011 at 11:01 AM
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Failed H&S pattern getting to be a pattern in itsef..not nearly as dependable as it used to be.....
  • -2
  • johnpr2010
  • 9-Dec-2011 at 11:08 AM
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looking to get long 1243.50 for a scalp of 2 pts
  • -1
  • johnpr2010
  • 9-Dec-2011 at 11:11 AM
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change to 44.25 area
  • -2
  • johnpr2010
  • 9-Dec-2011 at 11:12 AM
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Here is your short are Bruce
  • 0
  • della
  • 9-Dec-2011 at 11:14 AM
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we are into that LVN from12/07
  • 2
  • ETM
  • 9-Dec-2011 at 11:21 AM
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Originally posted by Dubya

Failed H&S pattern getting to be a pattern in itsef..not nearly as dependable as it used to be.....


If you look at the open low (1232.75) and the 10:13 high (1244.25), the selloff (1238.25) was exactly a 50% retracement.

Just something to consider.
  • 1
  • Lisa P
  • 9-Dec-2011 at 3:48 PM
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  • Posts: 1,428
Thanks to all. Have a good weekend

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