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ES short term trading 5-6-10


Most of these are being generated from the weekly chart..

57.50 - O/N low , yesterdays afternoon rally point

62-64 - LTP in ON, VA low,PP and POCP

70 - all that volume and VA high

75 - 77 air pocket and R1 ...Magnet ******

85 - 87.50 air pocket and r2

94 - 98 combination of LTP's and HTP



****Gap at 66.25 in O/N data so those reading get short up here at 68.50...most still sleeping so you'll miss this one
I thought I'd post a 5 min chart of the ES without any indicators showing the RTH session for today just for a record to refer back to quickly and for the context of the comments in this topic.

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ES 5 minute chart on record down dip for market due to P&G heavily sold.
ES 1 minute chart with volume.

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ES 1 minute chart with volume on 6 May 2010 showing 14:40 to 14:45 crash in market.
Originally posted by BruceM

you some Johnny Walker RED...and some explainations of trades!!!

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HEADLINE NEWS:

Shares of Johnny Walker Red rise as traders sip, and watch as other stocks fall..........
This is what I heard May 6th:

so; I wonder what the audio would sound like for the move back up
The real cause(?) for the market crash on May 06, 2010...

Read at Reuters..."Exclusive: Waddell is mystery trader in market plunge"
http://www.reuters.com/article/idUSTRE64D42W20100514