ES Friday 12-9-11

Yesterday the ES formed a Trend Day pattern on the market profile

As expected, this morning trade has bounced back into yesterday's range

We have a gap fill at 1230.25 (March 2012 contract)

50% of yesterday's wide range (41 ES points) is 1245.50
(below that level trend bias remains short)

I'm expecting some back and forth rotations as per the morning after trend day concept. My plan is to buy small into 1230 as we have the close there and the va low and a low volume area from yesterdays.

Will attempt small sells near 35 - 36 as we had low volume there but it also is the POC...strange sometimes how time can build up but no volume...


I will attempt big and better sells up near the afternoon high, low volume area and value area high in the 40.75 - 42.75 zone...overnight high is just above so we can extend that range up a bit..

I had a number in my notes at 22.75 and O/N low is there...will have to fire up my IRT to see WHY that is...below I have 17.50 and then a support zone from 1209 -1211.50 .

I prefer sells on the first pop up today...

Bruce, I have a single print at 1223, as well as monthly pivot 22.5

thanks Chris!

on the 38.75 short.....a bit agressive I think...better shorts sit above 40.50

Originally posted by pt_emini

Yesterday the ES formed a Trend Day pattern on the market profile

As expected, this morning trade has bounced back into yesterday's range

We have a gap fill at 1230.25 (March 2012 contract)

50% of yesterday's wide range (41 ES points) is 1245.50
(below that level trend bias remains short)

i show a gap fill at 28.25 Mar 12 contract. why the difference?

EURO-ZONE PRESS-CONFERENCE IS ABOUT TO START OR STARTED AT 9:30. EXPECT VOLATILITY. Sorry for caps - too lazy to re-type

mich sentiment in 4 min

report and air pockets below into 36

2 shots sofar

first sells went nowhere..trying again post report up at 43.50...30 minute high is initial target

Thanks to all. Have a good weekend