ES Wednesday 5-16-12

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MonkeyMeat | 15-May-2012 at 9:57 PM | Rep: 12.4k | Posts: 1,313

Here's what I've got as PASR Monkey Levels coming into Wednesday's ES trading as a MAP. Things are a bit erratic currently with news shocks etc. BSBSBS etc. Anyway, hope it's helpful to some.

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Big Mike | 21-May-2012 at 7:28 PM | Rep: 2,218 | Posts: 273

Originally posted by Big Mike

A MAJOR support area is near; 1290

Was support in July, became resistance in October, was retested as support in January. Support now...?

Support held, now let's see if we can get 1340.

redsixspeed | 22-May-2012 at 5:05 PM | Rep: 4,091 | Posts: 1,710

I had retrace area @ 1322 / 1329 ... 1322+1329 = 1325.50 es turned at 1326.50 .. lol .. maybe es will get a running start to move back up .. I just trade what I see .. above 1316 and I am bullish

Big Mike | 23-May-2012 at 3:36 PM | Rep: 2,218 | Posts: 273

Originally posted by redsixspeed

I had retrace area @ 1322 / 1329 ... 1322+1329 = 1325.50 es turned at 1326.50 .. lol .. maybe es will get a running start to move back up .. I just trade what I see .. above 1316 and I am bullish

What's up with the predictions 12 hours after the fact?

redsixspeed | 23-May-2012 at 4:37 PM | Rep: 4,091 | Posts: 1,710

I got an alert from twitter some trader was following me .. he/she has about 5000 following him/her .. didn't want to get run over ..
I will no longer post late ..

redsixspeed | 25-May-2012 at 3:42 AM | Rep: 4,091 | Posts: 1,710

Originally posted by redsixspeed

I had retrace area @ 1322 / 1329 ... 1322+1329 = 1325.50 es turned at 1326.50 .. lol .. maybe es will get a running start to move back up .. I just trade what I see .. above 1316 and I am bullish

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as I type ES has moved up to that 1329 and stall .. market seems strong
r1 1330.75

redsixspeed | 25-May-2012 at 5:35 PM | Rep: 4,091 | Posts: 1,710

Originally posted by redsixspeed

Originally posted by redsixspeed

I had retrace area @ 1322 / 1329 ... 1322+1329 = 1325.50 es turned at 1326.50 .. lol .. maybe es will get a running start to move back up .. I just trade what I see .. above 1316 and I am bullish

========================================================================
as I type ES has moved up to that 1329 and stall .. market seems strong
r1 1330.75

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dang !!

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