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ES short term trading 7-22-10

Numbers for tomorrows day session:
1086 - 1087
1079 - 1080..HV
1073 - 1075 will fill and closing Vwap
1053- 1056


keep in mind we have singles from 70.25 - 74.25

Will refine them once we see what overnight brings
I can't really comment today I have fallen behind in yard maintenance after extensive landscaping this past spring (temps in 90's with new plantings that need to be watered)

Gap mentioned yesterday has now been filled. odds increase for some sort of retracement, but if retracement cannot get below 50% of today's range, more upside can unfold.

50% of today's RTH range is currently 1085.00

move below this creates increased chances for zigging and zagging.
they may need another test of those highs to see if more buyers around
Take a look at this $TICK chart. I've put trend lines across the action at the end of yesterday. That is some serious flip flop fighting going on. Don't know if it has any relevance to today but thought the observation was worth making.

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not getting below that 88 is not good here....84.25 is peak volume of first hour so far...I'll settle for the 86 air ..anyone else having problems with the forum today..? seems to be locking on me....freezing
89.50 trying to become new volume leader
Thought I'd share this VWAP chart. The pink line is VWAP. See how it rises right out of the gate at 9:30 as prices explode up. Notice on the right volume building in pockets also as price rises, meaning price is being accepted at higher levels. All green in the cells, meaning asks are being hit all the way up.

Short covering? Maybe.

Click image for original size
conceptually the highest volume price went from 84.75 to 89.50..and so far they are accepting that price....we need to see what happens if they run out the hour high...either way this is a tough fade and kind knew it would be....
yes...we have the open and drive from the begining and no super low $ticks..hard for me to be a trend trader!! signs where there but couldn't break the fader mentality...
1 min projection for a possible low for this pullback.

Click image for original size
ideal target for me is still 86....core is on at 88 and 91 area....trips below 88.50 now..added at 90.75 ..for trips.....still have the 81.50 and 84's...luckily light on those but will affect Loss or Gain

This is me squirming and trying to trade out...good lesson for those who want to see me fail!!
OK, you got the explosive rally off of the 12-13 day low. If you go back and look at my charts you will notice the high never comes in untill day 5 at the earliest, more commonly day 6-8. Friday would be day 3 ,the way i count it. however you have this little demon to deal with....Closing tick +1238! And you know how i feel about that! I would not be surprised to see some back and fill tomorrow.certainly by the close mon! ... good trading all!!!