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ES Short Term Trading 01-24-2011


ON profile to get things started.


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onprofile01242011
Sorry was at lunch.

Yes, starting to see new lows in TICK and a divergence as well near 1288.

Originally posted by koolblue

Lorn, you gettin any tick divergence here?, or no?

The ES tested Friday's high and as usual with resistance, it back off. The support I'm looking for is in the 1283/1284 area, possibly at lunch time. After finding support, it is most likely that will try one more test at the 1288.00 high. The objective is at 1293.0 and possibly 1296.00 late afternoon.

The above will be void if the ES moves below 1283.00.

As always. the market has the last word and in due time will show us the way.

ES trading 1286.00 @ 13:01
Here is the VWAP chart showing today's strength. 85.75 needs a serious close under it for any significant downside action to continue in my view and that is the 85.75 LVN from last weeks profile also.


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1minvwap01242011
Yeah, it pretty much looks like all of us posting are of the same mind... in order to decline to 1284, or more, we need to break that red avg (currently 1286.00 we need and spend some time below it.I dont expect a dramatic decline today... tomorrow would be better, and since i have to leave at 1:30 im going to close here at breakeven...
out at 1286.50, loss of a tick.. hope to be back soon!
that was a nice test of a previous 30 minute bars low and that along with the single prints ( that haven't filled yet) was the reason I initiated that..

86 - 88.50 is key area as we have Fridays high and O/N high and R2 is up here too
we saw this same type of battle on friday but today the battle is between the Overnight high and fridays high....so lets see if we chop around until they get

1) a close above Fridays RTH high or

2) a close under the Overnight high
Little late but here we are testing support at 1284.00. Long at 1284.25 stp 1283.25 with objective at 1288.00 and possibly 1290/92. will see if it give it to us.

ES trading 1285.75 @ 15:35
Originally posted by WS

The ES tested Friday's high and as usual with resistance, it back off. The support I'm looking for is in the 1283/1284 area, possibly at lunch time. After finding support, it is most likely that will try one more test at the 1288.00 high. The objective is at 1293.0 and possibly 1296.00 late afternoon.

The above will be void if the ES moves below 1283.00.

As always. the market has the last word and in due time will show us the way.

ES trading 1286.00 @ 13:01
Moving stp to B.E.

ES trading 1285.75 @ 15:37
Originally posted by WS

Little late but here we are testing support at 1284.00. Long at 1284.25 stp 1283.25 with objective at 1288.00 and possibly 1290/92. will see if it give it to us.

ES trading 1285.75 @ 15:35
Originally posted by WS

The ES tested Friday's high and as usual with resistance, it back off. The support I'm looking for is in the 1283/1284 area, possibly at lunch time. After finding support, it is most likely that will try one more test at the 1288.00 high. The objective is at 1293.0 and possibly 1296.00 late afternoon.

The above will be void if the ES moves below 1283.00.

As always. the market has the last word and in due time will show us the way.

ES trading 1286.00 @ 13:01

Exit 1288.00 @ 16:01
Originally posted by WS

Moving stp up to 1286.50
ES trading 1287.50 @ 15:59
Originally posted by WS

Moving stp up to 1285.50 and ready to pull out 1288.00 or so .

ES trading 1287.00 @ 15:57
Originally posted by WS

Moving stopup to 1285.00
ES trading 1286.00 @ 15:50
Originally posted by WS

Moving stp up to 1284.25
ES trading 1286.25 @ 15:40
Originally posted by WS

Moving stp to B.E.

ES trading 1285.75 @ 15:37
Originally posted by WS

Little late but here we are testing support at 1284.00. Long at 1284.25 stp 1283.25 with objective at 1288.00 and possibly 1290/92. will see if it give it to us.

ES trading 1285.75 @ 15:35
Originally posted by WS

The ES tested Friday's high and as usual with resistance, it back off. The support I'm looking for is in the 1283/1284 area, possibly at lunch time. After finding support, it is most likely that will try one more test at the 1288.00 high. The objective is at 1293.0 and possibly 1296.00 late afternoon.

The above will be void if the ES moves below 1283.00.

As always. the market has the last word and in due time will show us the way.

ES trading 1286.00 @ 13:01