ES Thursday 2-12-15


  • 1
  • NewKid
  • 12-Feb-2015 at 12:20 AM
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Bands for the day. Good luck to all.

Click image for original size
iv021215
  • 0
  • BruceM
  • 12-Feb-2015 at 10:06 AM
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if they do end up pushing to the 79 - 81.50 area then we may have a good chance at trading back to 77.50.......the more time we spend above 75 then the greater the chances we will get the pop up into next zone above.....75 area is upper distribution edge low ( bell curve) from 12-31 sperated by those single prints...also all those selling the POC from that day will be forced to cover to drive up prices....
  • 0
  • BruceM
  • 12-Feb-2015 at 10:08 AM
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selling 79.25 print and will add only if we get to 81.50...targeting 77.50
  • 0
  • NewKid
  • 12-Feb-2015 at 10:12 AM
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we have not left any selling tail with respect to 12/31 so i expect this high to be taken out
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  • BruceM
  • 12-Feb-2015 at 10:14 AM
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so far no good volume on break of 30 minute high but we all have seen these low volume grinds....I consider all these fades high risk and have scaled back size to adjust for perceived risk.....in general I like the 77.50 and 76.50 as targets....but somebody could step up big to drive into that ...I do not plan to give much back from O/N short and first RTH short today...revising add plan to be at 80......volume still low...will they leave singles on 30 minute break out ? 15 minute to go !!
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  • BruceM
  • 12-Feb-2015 at 10:15 AM
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77.50 is first planned target now...all is small...still greenies up there they can push for at 81.50...hope not
  • 0
  • BruceM
  • 12-Feb-2015 at 10:21 AM
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messed up some lines...r2 is 79.50 and R1 was at that 72 area.........
  • 1
  • BruceM
  • 12-Feb-2015 at 10:24 AM
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one sd band is here on daily......I'm told market makers try to defend these....but when they fail then watch out as the market makers being wrong can add some good fuel ...in this case fuel would be to the buying side......not a perfect idea but a possibility...whew....coming out heavy 77......this is POc from 12-31...glad Market makers or somebody helped us a bit...
  • 2
  • BruceM
  • 12-Feb-2015 at 10:27 AM
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here is how my chart looks...same one from video...only difference is I blew up lower volume histogram larger...look at low of high bar trade at my 80 line for those who like signals...LTN at 75.25 now too.
Click image for original size
tweekly
  • 1
  • BruceM
  • 12-Feb-2015 at 10:29 AM
  • Rep: 216k
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75.25 print is final for me today......let somebody else play...they may need to pop back up to official poc from 12-31 and I want no part of it...I need to get to my options homework
  • 0
  • NewKid
  • 12-Feb-2015 at 11:21 AM
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we are starting to coil in the past hour.... the breakout could be significant
  • 0
  • NewKid
  • 12-Feb-2015 at 1:05 PM
  • Rep: 16.5k
  • Posts: 1,915
good point. this is just plain ol slow and nasty...

Originally posted by BruceM

hey , all the volume came in around open print today..hence where your 30 minute vpoc formed....if this 81 can hold it back then return to 77.25 is likely...Otherwise I see us trying to do the slow push up into 84 - 86....so glad I am NOT trading this
Originally posted by NewKid

and they finally print 73.5

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