ES Tuesday 12-2-2014

Good morning to all. Today's bands.

Three critical areas that are close buy on the downside are 2050 , 2046 - 47 and then 44.......key magnet price for me is 53 today....lots of confluence there...I think standard pivot points will work well and also think yesterday was a fake out as there was no extension outside the IB lows for too long...so I expect upside to go back to last weeks lows sometime today...that is a longer term projection...best to initiate away from 53 and use that as a magnet...so sells above 56 area and buys below near 50 ....as a first attempt but don't fight the longside if we get above YD highs...fades are more dangerous until 63 - 64 prints


here is some video babble......

Looks like an open drive...

My target is 2059.00 (O/N high)

Bruce, your standard daily pivots 2053.00 (PP) and 2057,75 (R1) worked nicely.

yeah..I had a feeling they would be good today especially since all of On formed inside YD RTH range...

i was planning on taking a long at 53 but talked myself out of it. had to fight for another small win....

I like these open and drives.
That is it for me for today.

Thanks Bruce, for your video and explanation.

Have a nice day, everyone.