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ES Friday 9-23-11


The numbers below are for Friday. The bold numbers are important S/Rs. the others are minor s/r. If you find congruency between the numbers posted below and the ones you got, and the market is trending in that direction, then it's most likely the market will hit it.

For Sep. 23. Friday:

Buy above 1125.32

with 1129.75 / 1133 / 1143 / 1147
Extreme 1151/1152
as outside resistance and objectives.

Sell below 1121.14

with 1113 / 1108.25 / 1103.75 / 1100 / 1096
Extreme 1087 / 1075
as downside support and objectives.

As always, the market has the last word and in due time will show us the way.
I see for you the same I see for my self: having the very best of luck, and fun, profitable trading day!
Originally posted by sandoxe

The numbers below are for Friday. The bold numbers are important S/Rs. the others are minor s/r. If you find congruency between the numbers posted below and the ones you got, and the market is trending in that direction, then it's most likely the market will hit it.

For Sep. 23. Friday:

Buy above 1125.32

with 1129.75 / 1133 / 1143 / 1147
Extreme 1151/1152
as outside resistance and objectives.

Sell below 1121.14

with 1113 / 1108.25 / 1103.75 / 1100 / 1096
Extreme 1087 / 1075
as downside support and objectives.

As always, the market has the last word and in due time will show us the way.
I see for you the same I see for my self: having the very best of luck, and fun, profitable trading day!



GM all.

$ES_F Daily H&S $$ http://j.mp/px28Ag
Using KT, the first move of the low of 1102 was to 1107 giving us a full projection of 1116.5 that hit. That cycle high went to 1112 before a green candle giving an initial projection of 1109.25 that has hit and a full projection of 1104.75 that is in the air unless 1116.5 is taken out.
Originally posted by prestwickdrive

Using KT, the first move of the low of 1102 was to 1107 giving us a full projection of 1116.5 that hit. That cycle high went to 1112 before a green candle giving an initial projection of 1109.25 that has hit and a full projection of 1104.75 that is in the air unless 1116.5 is taken out.


If 1116.5 is taken out, watch for a projection from 1102-1110.5 to be in play. That gave an initial projection of 1115.75 that was already hit and a full of 1124.25. That projection will be a failure if 1102 is taken out.
keep support comes in between 1099 - 1102 that includes the key 1100 number, the overnight low and the weekly S2 number...critical area for buyers to hold today.

Above that we have a low volume area from the Overnight which comes in at 1107 - 1108 that is also yesterdays lows and the S1 area for today ....secondary key prices for any push down

there is a minor low volume area from the day session at 1116.50 which also happens to be the VA low. The overnight has created a low volume area that begins there too ( trying to get filled in as I type .

My prefered trades will be to look for buys under yesterdays lows to come back up for the retest of 1107.....other area for buys will be under the overnight low......preferable near the 1099..



above that we have the POC and the pivot in the 21 - 23.50 area..that includes the settlement too. A strong magnet today !!!!

this will need to be revised as we are having that 9 a.m move we have been seeing lately..but ingeneral I think they will come back down for the 1116 area again...

Two main areas WIITHIN yetsredays range will be the 1116 and the 21 - 23.50 !! remember those!
had the 102-116.5 move on my 5 and 15 min charts which yielded an initial proj of 25.5, hit to the tick, and had good confluence with the proj you mentioned from the lower time frame chart



Originally posted by prestwickdrive

Originally posted by prestwickdrive

Using KT, the first move of the low of 1102 was to 1107 giving us a full projection of 1116.5 that hit. That cycle high went to 1112 before a green candle giving an initial projection of 1109.25 that has hit and a full projection of 1104.75 that is in the air unless 1116.5 is taken out.


If 1116.5 is taken out, watch for a projection from 1102-1110.5 to be in play. That gave an initial projection of 1115.75 that was already hit and a full of 1124.25. That projection will be a failure if 1102 is taken out.
Originally posted by prestwickdrive

Originally posted by prestwickdrive

Using KT, the first move of the low of 1102 was to 1107 giving us a full projection of 1116.5 that hit. That cycle high went to 1112 before a green candle giving an initial projection of 1109.25 that has hit and a full projection of 1104.75 that is in the air unless 1116.5 is taken out.


If 1116.5 is taken out, watch for a projection from 1102-1110.5 to be in play. That gave an initial projection of 1115.75 that was already hit and a full of 1124.25. That projection will be a failure if 1102 is taken out.


Now that 1124.25 has been hit, I am watching 1125.5-1118 giving us an initial projection of 1113.25 and a full of 1106 both of which are negated if 1125.5 is taken out.
ES - 20 poins up in an hour. Any news?
revising my plan a bit...if we open above 1116 then I will look for a push under there to set up the long trade...prefereably the push out to take out the VA low players stops then the move back up...to target up into the 1121 area
Great work! It is really helpful to combine projections from several cycles. Your projection reinforced the importance of the 1125 area that came from the full projection I mentioned. In adition, notice how these numbers lined up with some of the key numbers Bruce mentioned. No one method is fail safe so looking for confluences among different approaches is invaluable.

Originally posted by apk781

had the 102-116.5 move on my 5 and 15 min charts which yielded an initial proj of 25.5, hit to the tick, and had good confluence with the proj you mentioned from the lower time frame chart

http://www.sierrachart.com/userimages/upload_2/1316783485734.png


Originally posted by prestwickdrive

Originally posted by prestwickdrive

Using KT, the first move of the low of 1102 was to 1107 giving us a full projection of 1116.5 that hit. That cycle high went to 1112 before a green candle giving an initial projection of 1109.25 that has hit and a full projection of 1104.75 that is in the air unless 1116.5 is taken out.


If 1116.5 is taken out, watch for a projection from 1102-1110.5 to be in play. That gave an initial projection of 1115.75 that was already hit and a full of 1124.25. That projection will be a failure if 1102 is taken out.

GM where are the LV Here
Thanks to you, and have a great weekend.