ES short term trading 9-30-10

Key resistance up here at 47.75 - 50....short now...reports at 10 and a different open today in day session...monitoring for break out

looking for buys off 39 area

key breakdown and air at 43.75

abandoniong buy idea

this area was high volume in O/N and day session before report hit...

Rburns only true air is 43.50 - 43.75....but jumping in front is risky given the type of open Outside YD range ...now air at 37.50 too....so geting long at 33.50 now!!

second push of air is a better target when trending which we are...one of the insights which lets me still fade moves during trends...and helps me avaoid the loss.....same reason I abandoned my 39 buys earlier

what price is O/N low?

34.5 is O/N low

sorry 34.25
22 min to lunchtime

I've got 1134.25 as O/N low. This is where the entire move up to 1153.50 was initiated. If this level is taken out then this is a major reversal, imo, off that high.

Rburns...here is a shot of that gap that caused me to cover shorts way to early...it goes on the radar though...didn't want ya to think I forgot about you....or that gap!!!!!