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ES Friday 10-14-2011


Big Low Volume support at 1198.

Current O/N high traded to the LVN from Wed. of 1210.50. Above that is 1214-1216.


Click image for original size
esvwap10142011
I'm hunting for short signals under this 1210.50....this is the battle line for me between those that want it to rally and those of us who are expecting a decline based solely on the peak volume being at 1211..

a great example as to why trading developing volume/ market profile is much harder then just using the previous days levels the first time they are touch
no question now that some traders are trying to turn the 1210.50 into support ..I will wait until they get back under to look for shorts if it ever happens again today...so far nothing is showing up
looking for shorts up near 1213.50 - 14.50 area....I want to see price drift back down as peak volume is still below here...tricky place because if we spend more time up here then we will have volume shift higher once again up into the 13.50 area..so selling needs to begin soon or all the shorts will soon puke out I think to propel the market to new highs
best for me is peak volume filled at 11.25...will hold two measly ones to see if I can get a 3 pm close under 10.50
trade to 13.25 will take these out....damn peak volume is in my way...ha!!
really need to get back down under that peak vol and Wednesday distribution highs...rough time to get a run as Bonds need to close first
sure wish it wasn't raining here,, rather be doing something else and will soon..... just seems so likely the peak vol will hold and they will blow out those double top at 1214...hope not...perhaps that is too obvious
run for the highs there gos the stops
tick hit 1000
I'm still skeptical of this long side...seems they may want to STILL round out the distribution a bit and that would require trade back into the 1212.50 area again.....interesting for a late friday..
Below are some copied, pasted comments from yesterday's posts, and below that, today's chart with the same pivots from yesterday. In that chart you will see that, some of yesterday's pivotal levels worked well today too. This chart was also posted this morning at 03:00 (copy below) in Thursday's thread indicating we got another shot at 1216.00, today Friday the 14.
Some times you got to keep trying and trying, and if it's mean to be, it will be....
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sandoxe | 13-Oct-2011 at 5:18 AM
If the bulls still want to give it one more test to 1216, and possibly 1229 with good spike after that I'm Ok with it. Maybe today and tomorrow.
Below is the "before the fact chart" with the pivots set up for today. I'm buying at 1195.75, just above the daily trend line.
Initial stop at 1192.75.
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sandoxe | 13-Oct-2011 at 5:48 AM | Rep: 245 | Posts: 200 | mail
That was fast. I 'm lending the market $150.00 bucks. This is getting a bit bearish now that it has moved down below the support trend line. I gonna have to have my bear hat near by.
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sandoxe | 13-Oct-2011 at 3:02 PM
I gave it an other shot above the support trend line same price 1195.75 I'm at B.E. and will seat here till it gives me 1216 LOL
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sandoxe | 13-Oct-2011 at 3:43 PMl
What did you guys do? The market was doing well. now my stop got hit at B.E. -- Had and awesome day yesterday, and today I suck!

The market still owes me $ 150.00 bucks from this morning. hmmmm I need to see my self doing better, much better.........

Click image for original size
sp 500 es 10 minutes continuesafter the fact chart for 1014111610et


Here's the chart posted this morning at 03:00. I was a bit tire and did not put all the stuff in it and did not made a new one with the pivots for today. Just use the same. At the long run is the same thing all over again, as you saw in the above chart. The pivots worked just as good.


Click image for original size
sp 500 es 10 minutes chart pivots set up for 10 13 2011 after the fact chart


I see for you the same I see for my self: Having an awesome, incredible, fun, weekend, best ever!!!