ES Tuesday 2-7-12


a look at what I'm using this morning...35 - 33 is important support ... a break and hold below there targets 29.75 and then the 25 area with 22.50 as a bigger volume magnet...


above I have 38.75 - 1340...then will use Fridays highs and overnight highs

yesterday was inside Friday so we need to monitor for potential breakout trade more than usual

basically we have the same levels as yesterday..small ranges still in play so numbers are close by!!
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jpsplit
exiting at 41.50....
3 highs at 42.50 now.....will wait till that runs out or just have to miss this trade
don't have a gap on 5 minute nick
oh, it is from the 1m chart, 10:56 am bar

Originally posted by BruceM

don't have a gap on 5 minute nick
my bad, taht was filled right after it happened...have to increase the chart size it seems

Originally posted by NickP

oh, it is from the 1m chart, 10:56 am bar

Originally posted by BruceM

don't have a gap on 5 minute nick

trying from 43.50..short
targeting 41.50...triples under there
trying to be a bit more patient up here...a weekly high likes to do battle..triples up at the rat of 43.75 is concern but could be wrong...not the best way to put in a high...that was 9 higher highs and was thinking that a lot of energy was used up just to get through last weeks highs...so holding now
ultimate goal on runners is to exit at 40.25...low volume there and getting out ahead of bigger volume below
a look at the bell curve that is forming today...two of them actually....separated by low volume at 1340
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belltues
the biggest surprise for me was when they blew through the 38 - 39 area the second time...on that rally up...was SURE they would have stopped it there again......another reason I watch the order flow