ES Friday 11-8-13


...key numbers below YD lows are are 1740 ****


1736 - 37.50

1734


above I will be using 46.50, 48.50....the O/N high at 51...then 53.75 - 55.75 as a lower edge of the big bell with 58.50 as it's center...the is 61 - 62.25 above

basic plan :

not sure where we open...so if we open and drop down then I buy the 40 and try to but the 36 area....if we open and go up first I try to sell 45- 46.50, 48.50 and then prefer to see them push out the On high as close to 53 as possible
No video below? Try this link: friday.swf






I like the move above the 51.50 resistance. Got a data gap down at 49.50 though
short here at my 1754..just a quick scalp, i hope!
i will exit 1752.00 if they let me..
this is a tricky area as the market has tagged the 5 minute keltner band, but there is a nice level just above at 56.50 that seems to be a possible magnet
man, i knew i should have exited down there..stopped at 1755.75
59.00 is a level on Nick's chart, since we have no divergence visible here at 56.50 , will wait on new short for a more clear signal perhaps at Nick's level...
58.75 is our old friend too
still up today, so i will try one more time selling 1759
Originally posted by bkay59

58.75 is our old friend too



good to know bkay, thanks for the reminder, notice on Nick's chart the 59 level really stands out !
Click image for original size
es 12 13 10 min 1182013
66-67, right on time before the close

good weekend all !

Originally posted by NickP

have a good one bruce...see in two weeks

forum has been pretty active lately...i hope everybody does not dissapear because bruce is gone for two weeks...let's try to keep up it up

good weekend everyone....still think they might want tthat 66-67 test, just to show who is in charge