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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
shape of the profile leads me to believe they want to fill in the center so 59 still on the table...but when?
peak volume has flipped down to 52!!
Yup ..the original daily projection!.. still think 41-44 is in the cards today tho!
Click image for original size
694
Click image for original size
WELL THERES OUR AVG DAILY RANGE!! 45.25
..WELL theres our avg daily range...1145.25
nice trade Kool...S2 is 1144 today...FWIW...hope it goes for ya
hate when they flip the volume now fades ( nothing working) would have to target 51...give me some air to work from
LOL...They one ticked me.. dont worry still got 10-15 min according to the cycles
where's your target kb?
Dang, with me and so many others looking for the 1145 area as a decemt bounce "zone" ... makes me wonder if we're all in the same boat ... called the Titanic ... and there's an iceberg there.
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