ES Short Term Trading 9-16-2010

Same kind of action this morning as we have had the last couple days.

This is some serious manic action...

yes... looks like the price wants to go down, but holding up for options exp...???

Here is a classic looking range day. Volume bulge in the middle of the range and prices oscillating above and below VWAP. For those who want to play in this kind of action its fading the highs and lows for moves back to VWAP.

fwiw the AudJpy looks like its going to pop way higher (60min) so the ES will probably be gapping higher in the AM

Originally posted by CharterJoe

fwiw the AudJpy looks like its going to pop way higher (60min) so the ES will probably be gapping higher in the AM

=====================================================================

Good call Joe...

thx red made good off it to boot...have a great week end all.