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ES short term trading 6-2-10

Lots matching up again

86 - 87.5 rat and POC

81.25 Rat and Va low

75 - 77 Rat, weekly PV and current O/N high, breakdown point from YD aftrenoon *******

67 - 68 rat and current O/N low - YD low****

the MP players wll be watching to see if price is brought back uo into value today or if new value will be established lower from that late day spike. Usually after a consolidation and run out in the afternoon that closes on it's lows we get follow many will be trying to get short up in the 76 - 77 area in the O/N and target lows below YD's low

We know we will probably print at least two ratchets so we can watch which one prints first to try and establish which one will print second. This is being done in attempt to hold runner contracts longer with a good signal. My bias is short untill we trade below YD's lows, then we need to be thinking about the possible GAP AND RAT down at the 61 - 62 area. Below there is 56 area and another RAT. That may be an agressive goal. Goodluck today
good volume into bond close so no trades for me...and no fades...too late for that now...lower probability
seeing that triple made me take it again Philoe,,,that gave me at least 3 magnets...triples, the gap at 85.50 in the data and the crappy highs.....on lucky days like today they will go getthem all
this is gonna get over 1100 if not today then tomorrow,,even 1112.50 soon
single at 87.50 for those agressive and feel the high is in
anything over 89 is twice the IB high...ratchet traders will try for 93.75
Looks like the 3:30 close it going to be choppy squeeze
assuming we don't have a psychologically defeating selloff down to 1060, today would mark the 2nd unfilled gap. 1st one was last week 1061.5, today was 1069.75

This adds evidence to my argument that last tues low 1036.75 marked the short term bottom
We need 1087 to fill the air
ak1 - which way is the squeeze...what does that mean ?

Phileo - i have questions for ya on page 5...when u both have a chance
choppy and squeez are opposites to me so no mater which way it goes you will be right..LOL
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