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ES Wed 11-13-13


gm, from here i think that 50-52 area could still offer good risk reward for buyers, but will watch the internals to see if they are hinting at a trend day in which case i will not keep trying longs blindly especially if we dip below that 49-50 area...42-43 can offer a rebound as can the 36-37 area

on the upside, 58-60 can offer some resis off the open (onvpoc at 58.5, o/n midpoint at 60)...above that 63-65 looks like the next spot to sell....61 is minor resist imo, even though i am showing it in the chart

good luck

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es2mbar


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es2mbar
we just had another decent opp to sell this 63-65 area...not getting much out of it as everything points higher frm here...64.75 was yest vpoc and 65 was the gap fill so nice confluence there...62.5 is a scale area and if lucky u might get 60ish....i will look long most likely there

Originally posted by NickP

that 63-65 area was decent resis as expected earlier today...i was offering 63 so was left behind on that one...still glad to see it working...bears need to deal with 58.5 now from above and the dev vwap and mid at59.25-59.5, so bulls can definetely take the ball from here and aim to fil the gap (65)...we'll see
my sentiments exactly, friend!
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es 12 13 30 min 11132013
...
Mid morning update of the 60 Minute RTH, we filled the gap and hit the middle keltner line...



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es 12 13 60 min 11132013
This shows the battle here. 2.5 rng into resistance but above 2 emas 4pt rng wants up
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screenshot111313121712pm
it didn't quite get into my long area but the idea was the right one...the short from 63-65 was ok after all, but the reversal to get the long would have been sthg...

here we are at yest highs, and any shorts from here will target that 65 area....i am passing on this one though, strong buying off some consolidation and lunchtime is generally not too kind to shorts...70.5-71.5 will definetely get me interested unless we are in the closing 30m or so

Originally posted by NickP

we just had another decent opp to sell this 63-65 area...not getting much out of it as everything points higher frm here...64.75 was yest vpoc and 65 was the gap fill so nice confluence there...62.5 is a scale area and if lucky u might get 60ish....i will look long most likely there

Originally posted by NickP

that 63-65 area was decent resis as expected earlier today...i was offering 63 so was left behind on that one...still glad to see it working...bears need to deal with 58.5 now from above and the dev vwap and mid at59.25-59.5, so bulls can definetely take the ball from here and aim to fil the gap (65)...we'll see

I see 1788 from this chart soon.


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11 13 2013 1788
trying this short at 69.00

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es 12 13 3000 volume 11132013

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es 12 13 2 min 11132013
welcome to the forum biobuck !
thanks so much!
sorry, it should be 1788!