ES SRs and Fibs 11/16/11

Below is a 60 minutes chart with the S/Rs for night and day traders.
Notice that we have the same set-up as the previous session. Above 1255.75 I will be buying and focusing on uptrend.
if, below 1251.25, I will be selling and focusing on down trend.

The market has the last word and in due time will show us the real deal in dollars and cents.-.

Right now, next hours, next days, next weeks, next months and next years to come, I see for you the same I see for my self: Having the very best of luck, fun, awesome, and incredibly profitable trading experience!!

1259 is a tuff one 78% is the kiss of death to a trend. If the trend is strong, it will overcome it. If weak, that's a bout it. Will see. Oh, we also have a daily trend line crossing at 1259 at 05:20/05:30

Thnx Sandoxe, will do... (looky here, i finally twigged to the way to copy the post i,m replying to) lol

Originally posted by sandoxe

2 minute. Brent.T

Something to always keep in mine is when the 2,10,60 are on oversold at support, it is explosive to the outside. The reverse applies when price is at resistance.

Notice that the price moved down and testing the "buy" line 1255.75 and ready to launch back up and test 1259 as resistance. Notice the stochastic (2 min) is moving down towards oversold....
WIll see what it does.

Now trading 1256.50 05:26 ha! daily trend line crossing 05:20/05:30 at 1259

Need it to go the other way.
That's it for me! I'm done for now. need some delicious breakfast and coffee.

Wow! What happen? that 78% was the kiss of death!

Could you please post the value areas for today?

Careful here , if long

INDU is having trouble with 12,000

no follow through for bears at O/N POC

INDU 5-min chart - 12,000 like a brick wall

Originally posted by vasuki

yes actually got tweet from Geithner!!!!!!!!!!!!!!!!!!!!!!!!!

=======================================================================
factory said the banks were at serious risk, they missed reporting the downgrade some how ..