ES short-term trading for 7-15-10

Bruce,
You were right again (what else is new)
I see 81 printed, but I don't remember why you expected it.

Today is looking pretty grim, especially with the seasonal weakness koolblue had in that average performances of trade days of the month.

It is before 11 o'clock and the ES has already undercut its 5 day average of the Low versus the Open which is at 1086.50 for today. A move like this often means trend sell day.

with 5 day average RTH range at 12, today's RTH H minus 12 = 79.75, have to watch PA there , with second air, return to 83.25 likely? Am I reading this right, Bruce?

Thanks Bruce.

My notebook is filling up with so much great info, literally.

Also we still have 'range air' at 1082.75, correct?
Maybe that will get tested in the O/N if they break the close of the day.


Also did you guys see the $TICK reading for the end of the day, 1115! is that correct or is my data wrong? I remember someone mentioning something that Kool had noticed about extreme $TICK readings and the opening of the next day but I forget, if someone remembers.

You can look here in the morning as it will be updated by then but we have had lots of high closing $Ticks this week...

http://www.wallstreetcourier.com/index1.htm

so doubt we have lots of divergence lately. This guy corey posts some simple but effective view points regarding internals too..

www.afraidtotrade.com