ES 12-3-08

Daily PP: 837.50
S1: 824.50
R1: 862.25
Weekly PP: 858.50

POC: 834.25

Daily: 1128.50 / 732
60m: 874.75 / 824.50, 808
15m: 857.75 / 807.50, 805.75
5m: 825, 822.75, 816.25

should see 31

looking for sells in 38 area

knew they needed to come back to 31...if they move it higher will still look for sells @ 38ish

they may be thinking about gap fills

anybody have any opinions of the action so far?

I no longer have opinion on the 38 area

Still holding in value area with support and value area low around same number.... feels choppy

quote:

---

Originally posted by VOwater

anybody have any opinions of the action so far?

---

fwiw, big money was a light buyer into the lift off the open and sold very hard off of the 36 area. right now they are -22500 net contracts

bbrad thats the first thing I noticed this morning was how narrow or congested the numbers were

great thanks prestwick

good trading today everyone

VOwater: thanks for the charts and helpful explanations