ES 5-31-13


  • 3
  • BruceM
  • 31-May-2013 at 9:28 AM
  • Rep: 216k
  • Posts: 19.9k
numbers for me today

1642 - 43 - mentioned yesterday

1639


the big old hunk of volume at 1647.50 and still the dividing line

the LVN at 52.50...

1656.50

reports again so tread light until they end
  • 3
  • BruceM
  • 31-May-2013 at 9:32 AM
  • Rep: 216k
  • Posts: 19.9k
my plan is to wait until they push up above 1651 to look for shorts or else look for buys if they can push out the swing low from the O/N session at 43.50...

otherwise we run the risk of them just dragging it back and forth across that 47.50..

Rock on !!
  • 2
  • BruceM
  • 31-May-2013 at 9:39 AM
  • Rep: 216k
  • Posts: 19.9k
another reason I want to wait is that we really had 45.50 - 47.50 as a zone...so I want to make sure there is at least two points between the place I initiate from and a target..

so if I was to buy under that 43.50 then I can use 45.50 as a target


so far it looks as if smart buyers used the 45's as support

still early and patient...
  • 3
  • BruceM
  • 31-May-2013 at 9:57 AM
  • Rep: 216k
  • Posts: 19.9k
yesterdays LA low is 53.50 ...LVN at 52.50...ON POC is 53.75

so use it and with a bit of luck we can get 48.75 and lower back to 47....so I am selling since we came from below...

watch your 2.5 - 4 point swings off highs and lows

where did the pitbul plus 4 - 5.5 hit ???
  • 2
  • BruceM
  • 31-May-2013 at 10:21 AM
  • Rep: 216k
  • Posts: 19.9k
it's friday !! Hope all have a great weekend..nice confluence today


If you stay and play you may pay !!


And I am NOT paying today....

take the money and go do something or research
  • 0
  • TradeQueen
  • 31-May-2013 at 10:55 AM
  • Rep: 879
  • Posts: 204
This is not what I wanted to see today (was lookin for something bigger) but, this is probably good advise. Thanks again Bruce!
  • 0
  • TradeQueen
  • 31-May-2013 at 4:02 PM
  • Rep: 879
  • Posts: 204
...and there it is! yesss! Let the weekend begin!
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