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ES Friday 9-16-11


ES finally moved above 1198 and in it's way to 1250.
The numbers posted last night worked well today, with the ES closing in the 1202 objective area.

For tomorrow, Friday, Sep. 16, I have the following:


Buy above 1208.75
with 1212 / 1218 / 1224 / 1229 / 1235
as outside objectives.

Sell below 1203.00
with 1198 / 1191 / 1181
as downside objectives.

Will see how the above numbers works out in the night and day session.
I usually keep my protecting stop between 1 and 3 pts, (Your call)

The above numbers work best from S/Rs and Fibs.

Will see, in due time the market will show us the way.

Good luck and good trading
filled at 06.50....lets see from here...short
I will only add to this if they can run out that O/N high on the open
first target for me is going to be 1204...secondary is that 01.50
added at 09.50...target is now 06 even ..
concern here is that my own zone became support...
i am looking at the 15-16 area for shorts
Needs to happen quick though ... should be within first 10-15 mins ... if not, it appears the reason behind the potential down bias wears off.

Originally posted by BruceM


there is usually a strong bias to the downside on options expiration in early trade...be careful..that is from our dear friend Monkey Meat...
thinking that push into 1210 sucked in the longs...breakout trades are in no-no in the s&P...IMHO...but sometimes they win
FWIW, the lack of decent retraces makes it hard to get a good Kools Tools target. I am using 1196.5-1204 which gave an initial of 1208.75 that gave a scalp opportunity and a full of 1216.25. On a move of that size it is common for the mid point to be at least a decent counter scalp play too and that is 1212.5.
agree MM...this 9:55 report has a strong tendancy to revisit the high or low of the first one minute ( the report minute)after the report within 45 minutes

oh crap..will explain later
Market Profile Single Prints summary for today for ES Z1. There was a single print from 9/1 at 1205.75 which would have been a short price if we had opened below it. Because we opened above it was considered filled.

The market created a single print in the F bracket today at 1205.25 which would have triggered a short when the market moved back up to this price which would have been stopped out for a 4 point loss.