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ES Tuesday 10-18-11


We are declining into a big bell curve that is bounded by the 94 - 95 and the 85.25 - 86....everything in between those areas is just high volume consolidation. As usual the trades we take will be based on where we open in the day session.

Other areas of interest are the 1202.50 - 1205 and then 1209 - 1211.25.

Below we have 80 - 81 and 75 - 76. You can scroll back and see previous days entries and charts but I'd really like anyone reading to find the areas on their own if they find value in these trade concepts. We don't want to depend on anyone to derive our areas.
I'm burned out from forum life...LOL....but I'll leave you with this today.....we had the 23.75 area marked as a long term Auction high from yesterdays thread. We also had the last low volume area from yesterday thread marked at 1217.

That news event spike blew through the 1217 without a retest at first . Some may have been thinking that my volume idea was going to fail and the 1217 was going to be passed on by. I was thinking that myself. Once we started to get back under the 23.75 long term bracket then you owed it to yourself to start thinking about the 1217 again...

main numbers as I type going into tomorrows trade will be

93.75 - 95

1202 - 1204

1207 - 1208


and 1213.75 - 1215.25 but I'm not sure that this won't be filled in before we close...we'll see

good luck!