I'm selling anytime we go above 1201 in overnight and day session untill the low volume at 98.75 - 97.75 fills in...this is also the 50 % ON range which has been a huge target lately

Obvious keys are the ONH at 1202 which is near the R1 today ( nice volumje up there) and up at 1206 - 1207 we have weekly and daily PV numbers....

Down below we have the 94 - 95 which goes well with the weekly PV and the ON low

Here's something that might offer a little guidance to prices today. There is nothing written in stone that creates absolute limits, but
one thing I calculate daily is the 5 day average difference between the H and the Open, and the same for the Low versus the open (based on RTH only H, L, O). Think of them as "average" excursions from the open.

5 day average of the H vs Open comes in today at 1207.50

5 day average of the L versus the open comes in today at 1197.50

so far, the average of the L versus the open was satisfied, if the average of the H versus the open unfolds, that would equate to some of the posted expectations already in the thread.

s 1204.50 on the YM / es divergence....target 1202.25

this is getting interesting as the ES is the only one that is holding above it's ON highs..

Bruce the Dow has been weak since last night. Look how it trade below open. Looks like they got a little too hyper yesterday. Well lets see....

agree and I usually don't like the dow to try and hold back a rally with only 30 stocks....if we can consolidate below the ES overnight high we'll have a good shot for the selloff later I think....

Originally posted by ak1

Bruce the Dow has been weak since last night. Look how it trade below open. Looks like they got a little too hyper yesterday. Well lets see....

Originally posted by BruceM

s 1204.50 on the YM / es divergence....target 1202.25

Beautiful call

But yet Dow is a leader and SP follower. When Dow starts to follow SP some thing is wrong, like a mirage.

1202.25 is very critical now

Good call BruceM you nailed it almost to the tick

I closed this out at 1207.50...perhaps in the morning we will get a better trade