Here's a 15 minute ES chart with the "price action" S/R levels in BLUE ... also have Wkly Pivots overlayed with red being median and green as S/R levels.
Using these prices as "inflection zones" to trade off of based on how price action during the current session unfolds around them. In other words, they can be places to get long OR short (or to take profits on a current position).
Would welcome any and all comments and analysis and additional charts for mapping/planning Friday. The more inputs and varied analysis, the better.
BR
BruceM
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Thanks MM...based on volume spikes from Thursday I have 1062.50, 1057.50 and 1052.50..those match up well with some of yours..uptrend can't go on forever but long enough to put us to sleep
BR
BruceM
Rep: 216,211
Posts: 19,895
I would expect some lower trade and then higher to try and pop over yesterdays high. That was fairly low volume yesterday and we are at months end so I'm not expecting much today....gotta watch for the snap back after a minus or plus 4 as the floor was unable to push it around much yeaterday....today will be a better day for them I beleive....working a very small long from 56.50 to try for 61 area......overnight is like going to the casino for me some days....
BR
BruceM
Rep: 216,211
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pulled and tighten runners at 61 even....miracle trade....quick and the dead...I would have added to that tradee at 52 if it hit..
BR
BruceM
Rep: 216,211
Posts: 19,895
quick explaination....I was long in overnight thinking they would have hit a plus 4 number off the open but i reversed to short when the 5 minute low was broken......as previously stated I thoughth the floor would get even and run out a plus or minus 4 and then bring it back to the open because they didn't get a chance to do it yesterday and they want revenge...so I then reversed to long at the hit of the minus 4 number...runners stopped as I type.....looking to get long agin until yestedays high is broken
BR
BruceM
Rep: 216,211
Posts: 19,895
these trade postings have no real value but I like to put my trades where my mouth is....legging into longs at 53.75 and going small....will try for open print...
BR
BruceM
Rep: 216,211
Posts: 19,895
sorry for the thread jack MM....added at the hit on 52.50..56 will hit if it holds

