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ES Wednesday 5-16-12


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.

Click image for original size
es 30m sr for 51612


MM
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.
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
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?
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 ..
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
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

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

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dang !!