ES Thurs 8-9-12

developing weekly profile once again....three well defined lvn u can draw from this chart...so u know the drill

a couple of other items that land in those areas are yest val (99.75) and rth highs (400.25), yest val (95.75) and closing vwap(97), yest rth lows (92)

http://www.sierrachart.com/userimages/upload_2/1344516779855.png

below this week's levels we still have all the numbers Bruce mentioned on monday, namely, 87, 83-84.5

above the 403.25-403.75 area (weekly rth and o/n highs) i have 405-406 and then 408.5-410

good luck

baed on volume I have three immediate zones

92.75 - 94.25 ******

97.25

1401

these are close to Nicks and we can see our range extremes in sight

on the 1401 short now !

99.25 is center of low volume/air

it couldn't have worked any better...we opened a tthe middle lvn and immediatly rejected it...so if u were quick enough u could have bought some to try and aim for the gap fill and poc (98.25) and yest vah and rth highs...we ran thru all of them and turned around at the top lvn....taking some off here at near the vah level...two runners will aim for 98.25 and 96 respectively

new highs will stop runners

Originally posted by NickP

it couldn't have worked any better...we opened a tthe middle lvn and immediatly rejected it...so if u were quick enough u could have bought some to try and aim for the gap fill and poc (98.25) and yest vah and rth highs...we ran thru all of them and turned around at the top lvn....taking some off here at near the vah level...two runners will aim for 98.25 and 96 respectively

Yesterday was inside day (pitiful volume, too). Usually inside day means a lot of people in a tug of war with neither side winning, break one way can cause a "throw in the towel" attitude by the other side.

This is August summertime trading. ugh

if you look on a 24hour price chart of ES (30min bars will do) you will see that in the overnight, there is a potential DT in place, as price in the overnight took out the previous H (was 1403.25 from Tues) of the 24hr week by 2 ticks and didn't find buyers there, found sellers...

sometimes those overnight Highs that are DTs never get re-tested in the RTH.

yesterday's L (RTH) is the zone I will be watching. if price manages to go there, bulls have to defend it. If no support there, 1389-1387 handles can print.

NICKP,
Thanks for the chart.

one question, what is the "peach" colored line in the upper charts about the 1398 level
is that poc for MP?

trying to hold two runners..one for 97.25 and one for 94.25...may take all day if lucky...95% of the time they run out an overnight high or low...so new highs if we are wrong may try for the O/N highs for those trying longs in this LVN zone

first runner off manually at 98.5...stop on the other one down to 401 (which is my entry level) and still aiming for 96 area

Originally posted by NickP

it couldn't have worked any better...we opened a tthe middle lvn and immediatly rejected it...so if u were quick enough u could have bought some to try and aim for the gap fill and poc (98.25) and yest vah and rth highs...we ran thru all of them and turned around at the top lvn....taking some off here at near the vah level...two runners will aim for 98.25 and 96 respectively

yes

Originally posted by PAUL9

NICKP,
Thanks for the chart.

one question, what is the "peach" colored line in the upper charts about the 1398 level
is that poc for MP?

thanks u 2 Nick..time to celebrate my kids 6th b-day !!