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.



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 !!