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ES Short Term Trading 9-01-2010


Range Based S/R

R1 = 1058.50
S1 = 1033.25
R2 = 1062.75
S2 = 1029.25

Steenbarger Pivot = 1047.00
Since its the start of a new month here is a daily chart with a volume profile drawn across the month of August. Price have been in a range here the last week and you can see this area is below the VAL for the month.

Lets be prepared for an increase in volume as September begins.


Click image for original size
esdaily8312010