ES Tuesday 1-31-12


  • 5
  • BruceM
  • 31-Jan-2012 at 9:25 AM
  • Rep: 216k
  • Posts: 19.9k
Magnet price zone is 1312-1314.50 as this is the weekly OVERNIGHT open, fridays VWAP and more important is the weely pivot .

This is a market that is trying to balance as we had last weeks close near it's open and we broke the lows of last week to stop one time framing up on the weekly..


Preference is to sell up into the 1317 - 1319.50 area...buys come down in the 1308 - 1305 area....keeping in mind the 1312- 1314.50 magnet...

Above there we have low volume that begins at 21 but I'd prefer to see what happens at 24.50 - 26.50

reports today!!
  • 0
  • BruceM
  • 31-Jan-2012 at 10:57 AM
  • Rep: 216k
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nice to see the projection work Nick..thanks for that
  • 3
  • NickP
  • 31-Jan-2012 at 11:04 AM
  • Rep: 7,237
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i use them along with mp areas, the pitbull and classic s/r in ym and nq...they work very well when they are in the neighborhood of some of the other elements, like with today's -8 pitbull number

Originally posted by BruceM

nice to see the projection work Nick..thanks for that
  • 2
  • BruceM
  • 31-Jan-2012 at 11:18 AM
  • Rep: 216k
  • Posts: 19.9k
trying small longs off yesterdays closing vwap
  • 0
  • poster
  • 31-Jan-2012 at 11:40 AM
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  • Posts: 69
Good call, I think. End-of-the-month, anticipating new mutual fund inflows at the start of the next month. Could be a runner...
  • 2
  • BruceM
  • 31-Jan-2012 at 11:48 AM
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  • Posts: 19.9k
trying to get runners to fill in second set of single prints up near 1306.50....this is my second try...was using low volume from yesterday as initial target...so this 05 need sto get resolved
  • 2
  • BruceM
  • 31-Jan-2012 at 11:49 AM
  • Rep: 216k
  • Posts: 19.9k
we spent a lot of time consolidating between 05 and 1310 yesterday so this is a difficult long to hold
  • 0
  • poster
  • 31-Jan-2012 at 11:53 AM
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  • Posts: 69
and looking more difficult by the minute...
  • 0
  • poster
  • 31-Jan-2012 at 11:56 AM
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  • Posts: 69
transports remain in their opening hour range...i dunno, this just doesn't feel like it's going to turn into a trend sell day
  • 2
  • BruceM
  • 31-Jan-2012 at 12:11 PM
  • Rep: 216k
  • Posts: 19.9k
that was 4 lower lows on the 30 minute...excessive...so still trying the long fade....1301 is last low volume area from yesterday...
  • 2
  • BruceM
  • 31-Jan-2012 at 12:34 PM
  • Rep: 216k
  • Posts: 19.9k
exited at 06.50 print...close enough to second set of single prints and don't want to be tortured
  • 0
  • BruceM
  • 31-Jan-2012 at 4:44 PM
  • Rep: 216k
  • Posts: 19.9k
and thanks to all for the positive feedback on the videos etc...
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