ES Short Term Trading 8-5-2010

Range Based S/R

R1 = 1129.50
S1 = 1108.75
R2 = 1132.875
S2 = 1105.375

Steenbarger Pivot = 1122.00

Wow glad i just got up.

When range air filled I just got re-short at 24 and covered at 21.75 in 30seconds. 21.50 is no longer valid for price proj. New one came in at 18.75 (19 is where this move just turned). Everything happened way to quick, I tried to get a chart up for you guys. Now we got air at 22.5, if we break 19.75 I think we can get it

Thanks RB...many expecting a bullish response tomorrow...we'll see


further downsdie is that 16.75 number that somebody protected YD for anyone that may be trying for more downside



Lowest volume point on Histogram is 21.50..If this was the day session I'd be trying to get long down here for the retest. We'll be watching where we open in the day session for a clue. We may just have another consolidation unless we get some signs that somebody is positioning in front of that report

thanks SJ...triples from YD at 18 even.....I think day session if not O/N will break them

if low of 18.25 holds price projects up to vah 24.25, and then to high of 28.

pit session single prints from yesterday's pit low from 16.25-16.75

they just ran YD triple....without me on board


They don't keep triples around for too long but trading for them is a differnt story.....hard to hold sometimes

consolidations are tough as there are just too many freakin numbers today...I'm going to see what happens with volume in RTH

final #;s I'm using


14.75 - 16.75...prefer to buy into that support

27.75
24.50

21.50

so my Ideal trade would be to buy support early and target the 20- 21 area

Here is 30 min projection.

No problem Lorn, msg me if need any help