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ES 3-24-2011


Here is the developing RTH weekly profile. Obviously prices are well above this at the moment. Also on the chart is Paul's Monday Range fib extension where if prices reach the 1.618 extension of Monday's RTH range on either side the probabilities of prices hitting the 2.000 range are extremely high during the rest of the week. In this case to the tick almost!


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es30min03242011
adding at 97...looking to target 95.25 first...tricky...not convinced on my data ..hard to incorporate something new
well, we might be a bit early,Bruce, but im also short from 1296.50.. back to the gap stuff... when the opening gap is above yesterdays high, something approaching 80% of the time it does not get filled and we trend up! We'll see!
sold 98.25, 2.618 short term proj for the 92.5-94.75 move...will unload everything at 96.75 if i can...don't like how long it is taking to play out
flat at 97 ...slight loss..that hour range needs to resolve and 99 sits as a target still
well. i covered at break even (actually filled 96.75 for a one tick loss on each es)... just too bullish today,i guess... looking to buy again, but not here ..i need a good decline or its already too late for me!
whew

Originally posted by apk781

sold 98.25, 2.618 short term proj for the 92.5-94.75 move...will unload everything at 96.75 if i can...don't like how long it is taking to play out
Originally posted by koolblue

well. i covered at break even (actually filled 96.75 for a one tick loss on each es)... just too bullish today,i guess... looking to buy again, but not here ..i need a good decline or its already too late for me!

reasoning: the 13 min vwap is at 1296.50 and tho the little one min proj is 1296.00 i just got spooked...if i would have been stopped on this trade i would have been at my daily limit and have to quit for the day, so id rather err on the side of caution!
selling 99 and 1302 is if prints
BruceM, is your 1299 number from O/N trading or past RTH?
Big Volume surge on that pop through 1299.00

Globex high just above us at 1302.75
s&p 500 cash high today...1311.34! Thats now a magnet,imho!