ES 7-01-2011

Important reference numbers starting today.

Monthly close 1314.75 (4:15pm), keep in mind this is also a quarterly close.

Monthly High/Low 1342.25/1252.25

Quarterly High/Low 1368/1252.25

50% of quarterly range is 1310.25, so we have closed above that.

VPOC for the Quarter was 1323.00 and the profile has peaks in two places, at the lows between 1260-1280 then again near the June highs between 1220-1240.

Keep in mind these are all based on the September contract.

Now what?

On that same fib range, the 68% is 1332. Key level.

Once again for the Gann fans...next level is 1333...

1331.75 single prints from June 1st.

Originally posted by DavidS

Now what?

On that same fib range, the 68% is 1332. Key level.

THANK YOU! I was thinking the same thing!
My guess, Everyone will start their July 4th weekend early!

Originally posted by DavidS

Now what?

On that same fib range, the 68% is 1332. Key level.

Destinations are good, but the trail more important.
1219.50 s/r level if they can't run it before lunch.(start the weekend)
1327 also hanging in my head as former level to note.
If higher and giddy, 1336.
Just some thoughts.

INDU just closed its 5/31 gap

added at 27.50....this is hour breakout...... air below near 1322.50 is ultimate target...no doubt a risky trade

1324 before 1320 area if it truns here
1327
That's a breakout bar on hr chart if your looking for a chart example Paul.

I trun alot. TURNS
lol,crappy typist

I am not sure if I understand "air pocket" strategy will someone tell me please if the zone 1322.50 and 1317.50 is an air pocket and what is supposed to do be filled today?

They maade us wait until Tuesday...lol