ES 1/9/13 & 1/10


Here we are again, like groundhog day. Yesterday we probed a little lower into Jan 2nd value area and volume built around the 49 to 49.50 area. Buyers came in late and pushed it back up toward that 52-53 comfort zone. Overnight I show a 56 high, just recently attained. I do show trades later last evening up to 56.75, anyone else got that. Either way it was pushed back down. If we open now it would be above yesterday's value area and the O/N low is at the top of that. Will we retest the 49 area?
here is a quick video from my IB data..might be useful to some especially those interested in the bell curve concepts
No video below? Try this link: thursday_1-10.swf






had to revise my magnet price down a bit for today - Friday...now it is 66.50...so all the On volume is near yesterdays close...I'd like to see a push below 65 to set up the long if we open and don't print the 66.50 first

ideal short will be above 68 ....both trade ideas will work better if we don't print 66.50 first in the day session

secondary support is 62.75


pitbull zones should work well today