ES Monday July 23rd


  • 2
  • BruceM
  • 23-Jul-2012 at 9:10 AM
  • Rep: 216k
  • Posts: 19.9k
Key areas are last weeks low at 1339 and then we have volume and the overnight LVN up at 1345...the midpoint is 1347..so that is a crucial zone..


"failure to hold outside an overnight range targets the overnight midpoint" - Dr. Brett


only other area below the overnight low for me is 1328 - 1330....volume down there
  • 1
  • BruceM
  • 23-Jul-2012 at 11:20 AM
  • Rep: 216k
  • Posts: 19.9k
there was a minor LVN from the overnight at 1340.75 and last weeks low is at 1339.25 so that needs to be on our radar...once again the overnight confirms numbers from the RTH session


ok..nuff babbling for me today...this was on the upper extreme of my rants today


they need to digest this area in order to get to our 1345 - 1347 zone

see how they are pushing in 3 -4 points this summer? Where is 1337 in relation to 1340.75 ? Where is 1340.75 in reltaion to the next upper zone ? where is 1337 to the vpoc area of 1333?
  • 0
  • NickP
  • 23-Jul-2012 at 11:38 AM
  • Rep: 7,237
  • Posts: 771
i think that if they get it below 35-35.5 then new lows will likely be in order
  • 0
  • BruceM
  • 23-Jul-2012 at 11:52 AM
  • Rep: 216k
  • Posts: 19.9k
I think as long as we don't see a one minute bar with 12 k volume UNDER the overnight low we will churn up eventually into our 1345 - 1347 but it sure seems like it;s gonna be a difficult ride
  • 0
  • NickP
  • 23-Jul-2012 at 12:23 PM
  • Rep: 7,237
  • Posts: 771
agreed...short term direction is up until proven otherwise


Originally posted by BruceM

I think as long as we don't see a one minute bar with 12 k volume UNDER the overnight low we will churn up eventually into our 1345 - 1347 but it sure seems like it;s gonna be a difficult ride
  • 1
  • BruceM
  • 23-Jul-2012 at 12:37 PM
  • Rep: 216k
  • Posts: 19.9k
ideally we'd need to see some nice volume and high $ticks above last weeks RTH lows...till then we just ping pong around
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