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ES Wednesday 11-16-16


Hitting into key support at 67 - 69 ...working on a video now........keep in mind gaps in data sit BELOW this zone...upper zone to watch will be 74 - 76...we may need to fill in low time area from Yesterday between these two zones....no migration of POC yesterday...see video when posted for some volume work and ideas today too

edit :with key volume spikes and context ideas


No video below? Try this link: wednesday.swf






would love a push down to 2159 area to buy- we will see
looking to sell week rallies to target On lows and that pivot number...with any luck they will go get gaps from yesterday too
2160 Pivot?
looks like 75-76 got to cap the upside early to continue down
short NQ 4774
only 1/2 will add another 1/2 4786 area and that's it
ideal would be the test of the OR high at 71.50 from our upper zone...concern for me is that it seems too easy....may need to chop a bit in here..
74 is Pivot 68.25 is the S1......the lines are more important than labels given to them
Originally posted by palmer

2160 Pivot?
stop to b/e
a perfect setup...see video and you will know exactly what trade I took today...there is no point in posting my trade today....but more important is look how opening range had highest volume...it isn't always like that but often is the case... that is why we get so many tests back to it....the VOLUME is the attractor for price to return to...they are filling in as expected that low time spot.......best to initate only at far edges and not inside a broad low time area
I should have been more clear...gaps in the data like those on today's video tend to fill faster then close to open gaps that can be seen easier on the charts by most people.......but I have no specific stats on how long gaps in the data take to fill....my guesstimate is 2- 3 days.....
Originally posted by palmer

dip would be to the 59 area- another scenario would be overnight to hit 81 and we head lower again tomorrow- that would put in a nice intermediate top -- yep I know gaps have to be filled but some gaps can be there for a long time-

i will post tomorrow before the open my game plan so you can see what I look at and trade around