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ES key numbers for 3-30-11


1300 - 1301.25 *** this is Tuesdays low and an area we have been watching recently that held. Volume spike at 1301.25 today.

1305.75 - 1307.00 - *****This is the value area low and a volume area that was created today. Also a Low volume area and some rejected that area quickly today. The opening range is in here too from Tuesday. Standard pivot formula S1 is in here.


1310.75 - 1311.75 ******* the big kahuna...we have the POC in here, volume spikes, and the standard pivot is in here. We also have a low volume area and the market moved away swiftly from the 1311.75. Any good shorts and buying failure will go back to this point. A big magnet that needs to be remembered even if it doesn't fill in on Wednesday. The opening range for the Week is also in this zone.



1315 - 1315.50 - *****This is Monday's High and the 4PM close sits here from Tuesday. Value area high is here too.

1320-1322.50 - we have multiple tops here and the R1 level sits up there.....monitor for poor volume and lack of follow through on any breach of that area


There are no 10 a.m reports on Wednesday but a few before 8:30 in the morning. This was some what of a trend today so it should be a better day tomorrow to buy into breaks and sell rallies early in the session. I prefer the sell side but not on declines.
Originally posted by einstein

Kool, am I right in assuming you used a smaller initial projection on the 5 min than the one you showed on the last 5 min chart to go long at 1325ish?
yes ,i was looking at the one min chart ,which i usually do after entering a trade! i think i posted it.. i'll have to go back and look!
Originally posted by koolblue

Originally posted by einstein

Kool, am I right in assuming you used a smaller initial projection on the 5 min than the one you showed on the last 5 min chart to go long at 1325ish?
yes ,i was looking at the one min chart ,which i usually do after entering a trade! i think i posted it.. i'll have to go back and look!
time 14:57.52 is that what u mean?
gheesh...today is a great example of why I hate triples near the highs and gaps in data........the worst targets of any that I follow....

and koolio , I'm not sure which is worse for me...the Overnight or late day session.?...today was a rare exception in both sessions..

so it looks like 25 - 26 is our new key volume zone to watch .
well, regardless, you had it right after all friend! One reson i hate being on the opposite side as you!..and the volume stuff turned out to be sending warning signals too, i might add.
note to self: remember the midpoints!!!!!


was waiting for 1/2 gap fill today and it stops at O/N midpoint...


Look where cash market closed......50% of days range......

too much in my brain sometimes....although my wife wouldn't agree....LOL!!!
I see it now, Kool. Thanks