ES short term trading 5-19-10
Here we are! The 19th, which my work shows could be a pivotal day! It should come as no surprise that we went all the way down to the number shown on the weekend preview, the 0.786 retracement at 1110.25. It is also the 2.618 projection from the 1147.50 high on the one hourly chart.Also it is the 3 std deviation line on the 13 min vwap. Cycles had us down into today ,then up and down again into the 24th. So its all coming together... or is it? Extreme caution is advised , as today either marks an important low.. or the breakdown of the indexes for a true test of 1090 or even 1056!
no time!... the median line is about 1111 exiting here!
WOW! No time to even post a chart!!! out at 1111.00, plus 6, but only had one es....told ya this would be a little wild! btw , that could prove to be an important bottom... remember this mornings projections 1102.75-1103 area... now i think satisfied?
Why does today have that "May 6th" sort of feel? Maybe it's just me.
refer to my calendar... both were gann days and Kools tools cycle turns. only difference was the solar day which next comes around the 24th!
Fwiw, i'll be a buyer on any decent retest of the low. Hey Bruce... see that gap on the one min at 1106.75-1107? Whatcha think?
5 min air gets filled around 1108.. right?
Well it's made for some good trading today but wow.
buying one at 1108.00, another at 1106.75
Kool nice trade hitting 6 points you called that one almost perfect keep up the hard work
Thanks for the feedback johnpr2010. Judging by the number of people that visit the site versus the number that post on the forum (1 to 5%) I'm guessing (and hoping) that there are a lot of other traders out there who are a little bit more profitable today because of the generosity of one of the other traders on this forum.