ES Monday 5-23-16
Weekly SITYS numbers are 2068 and 2030. Daily SITYS coming into Monday are 2057.50 and 2040.50
Daily pivots
R2 = 62
R1= 56
Pivot = 49.50
S1=43.50
S2= 36
First a look at last weeks key areas...these I use to find confluence with the daily numbers.
then here is just Friday
No overnight midpoint printed on Friday so my plan will be to hopefully take trades towards the midpoint off the key numbers
and finally how Fridays profile looks split out against a few other days that haven't been split
some things to keep in mind especially if you are going for longer term targets:
1) The 95 % probability that SOME daily floor trader number will print also holds true for the Weekly numbers...so some Weekly number will hit this week !.. I think this number will be 2046 this week but I obviously do not know when !
2) The 85 % of the time probability that we DON'T have an inside day on daily bars also holds true for weekly bars !! So only 15 % of the time we will have an inside WEEK
Good luck !
Daily pivots
R2 = 62
R1= 56
Pivot = 49.50
S1=43.50
S2= 36
First a look at last weeks key areas...these I use to find confluence with the daily numbers.
then here is just Friday
No overnight midpoint printed on Friday so my plan will be to hopefully take trades towards the midpoint off the key numbers
and finally how Fridays profile looks split out against a few other days that haven't been split
some things to keep in mind especially if you are going for longer term targets:
1) The 95 % probability that SOME daily floor trader number will print also holds true for the Weekly numbers...so some Weekly number will hit this week !.. I think this number will be 2046 this week but I obviously do not know when !
2) The 85 % of the time probability that we DON'T have an inside day on daily bars also holds true for weekly bars !! So only 15 % of the time we will have an inside WEEK
Good luck !
30 min VPOC at 47.75 but a very odd looking volume profile so far today with the flattish shape
Daily SITYS/ half SD band numbers still open at 57.5/40.5
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