ES Friday 1-6-12

Here's what I've got for my ES MAP of PASR ZONES using a 30min chart of 20 days of data coming into Friday's trading. The Red lines are potential significant levels with Magenta lines as semi-significant. The White dashed lines are the Weekly Pivots. The Light Blue Volume Profile of the past "rolling" 20 days is displayed on the right vertical axis. The Gray background shows non-RTH price activity. Hope, as always, that this is helpful to some as a "MAP."



Btw, a couple of price lines are very near each other in price ... and should be considered ZONES between them.

Ps. (un)employment report comes out early in the morn' ... so thangs could be a bit whacky

got long 70.75 looking for target 73.50

had 72.50as LVN from yesterday

the only potentilal mechanical trade would be to buy the minus 4 number after the minus 5.5 number prints...so once 72.50 printed then they would be buying the 74 number when/if it came back up...

if we stalled at the minus 4 then they would have bought the minus 2.5 at 75

no pitbull trades yet

30 min comng up

small buys at 68.50.....close overnight low...two sets of air pockets above...concern is the open and drive

got the air fill and trying to hold 2 contracts.....8-10 points is a key pitbull zone but lacks good entries in general,,,,so subtract from open print...67.50 begins key low volume from Thursday...we may need to be buying under that 67.50 if they run it out

flat at 69.25..will try to buy below 67.50...volume building down here...

an agressive trader could buy the 72 ( minus 5.5) after the minus 8-10 zone hits

I think the safer buy is to look for the "w" pattern...first leg is down ...next leg is up...next leg is down...and then buy that 72...

so we want to see if drop from 72 without making new lows and then buy that if you are mechanical

they are working on the third leg of the "W" pattern off the 5 minute so I am looking for buys as we drop down...air still above

bruce on your footprint you use 5 min or 30 min