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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
mich sentiment report in 8 minutes
there is a rumor that the 9:55am u.mich announcement will come much better than expected...take it as it is, a rumor, but i am sure some are trying to front run the number
I need an air pocket up to add to this....
Sept settle at 1214.5, key ##??
you can tell this was the case...the number came in better than expectations but not significantly higher and the market sold off after it...sometimes people on the floor start this rumor and do a good job spreading them around...i never trade based on them fwiw


Originally posted by apk781

there is a rumor that the 9:55am u.mich announcement will come much better than expected...take it as it is, a rumor, but i am sure some are trying to front run the number
I just had a terrible fill on short add at 1212.25.....and it was a market order
07.75 is target..
I'd be real surprised if the smart money is actually buying this today....seems they'd be more likely to sell intio this gap and go..that's my thinking at least...hope I'm smart!!
confusing morning
R1 level was 1215 missed by 2 ticks
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.