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ES short term trading 7-7-10 5921


Just a giant range between 1039 and 1006

key zones

1037 - 1039
1025 - 1028
1014.50
1006
that 36 area was SECOND set of single prints on 30 minute for today and they LOVE to fill those.....so now we know why they dropped it to there..
Originally posted by BruceM

I think we will trade back to 36.25 TODAY just not sure when!!
looking for shorts again as I think they will actually pfint 36 even...so 38.75and still light now...SHORT!
Paul...did u see second set of sibngle prints ?...all double tops run out today too......gotta watch 39 number
Originally posted by BruceM

added at 41.25...interesting to see if volume comes in off the 39 breakout...still keeping it small..I have the 37.25's too..new air at 37.75


Nice one bruce, your 37.75 got filled in.
However, tons of buyers stepping in right after that -ve TICK extreme at 1036.5
10 min, 15 min and 60 min 50 sma under 1025 here. back inside megaphone line 1039 area here.
Originally posted by BruceM

Paul...did u see second set of sibngle prints ?...all double tops run out today too......gotta watch 39 number


When?, Still existing or down there under 33 (I have a crap MP indicator and it is difficult to read price exactly)

Right now though, looks like a "crappy top" can be revisited. comment?
I think there is some unfinished business at 1041.75

And, I think the break above 1031.25 was fairly significant this time around.
Therefore, if the market can push price below 1036, I will look for a long entry 1036-1033 area for a ride back up.
OK, I gotcha, second set of single prints has been filled in, thanks for the explanation.
Originally posted by phileo

I think there is some unfinished business at 1041.75

And, I think the break above 1031.25 was fairly significant this time around.
Therefore, if the market can push price below 1036, I will look for a long entry 1036-1033 area for a ride back up.



dang, looks like the top has been revisited - reach 1041.5.
That nullifies my trade idea.
we still have air below the 32.50 ..I was exoecting selling to come in on that 36 retest....I was thinking that all those buyers at 36 where trying for new highs so when that failed and came back to 36 they would cover their longs but so far no affect....trying to hold two with a stop at 39 even...for those 32's...

better area for stops is near the high of that lowest 15 minute bar but that is too high for me....gotta watch that high now of that 15 minute bar
Here's a 30 minute chart of the ES with the DVATool on it showing 1 filled in single print from Tuesday (red horizontal dotted line) and 4 single prints left from today's trading (white horizontal dotted lines).

Click image for original size
ES 7 July 2010 showing 4 single prints left behind on this day.