First is the Daily ES chart:
Click image for original size
And the 30-minute bar chart of 20 days:
Click image for original size
MO
MonkeyMeat
Rep: 12,738
Posts: 1,334
Here's my charts with Price Action S/R levles ... significant ones in Red and semi-significant in Magenta. The Cyan dashed lines are the Weekly Pivot levels.
First is the Daily ES chart:
And the 30-minute bar chart of 20 days:
First is the Daily ES chart:
And the 30-minute bar chart of 20 days:
BR
BruceM
Rep: 216,211
Posts: 19,895
not expecting a trend day down so I'd prefer to find buys below 56.....triples up in 61 area...they should get taken out...find a way to get long and use them as a target..even if 56 doesn't print...volume in the center so far so an additional magnet to help pull up market and take trips out
KO
koolblue
Rep: 48,651
Posts: 16,032
well, for better or worse , long at my number, 1057.50.(entry is 1058.00)
PA
PAUL9
Rep: 14,898
Posts: 1,170
1077 not so unreal, KoolBlue...
today, 5 day average of H versus Open comes in at 76.75.
it's just an average.
5 day average of L versus Open comes in today at 53.75
Phileo,
One thing I think important to realize, regardless of whether Miller's ideal gap down occurred or not, today is still MATD (Morning After Trend Day), and the markets tend to oscillate.
something different might unfold early afternoon (anytime after noon, more likely 1:00 to 1:30, but right now this is still MATD.
This might be last comment for day, I suffer migraines occassionally and right now have a whopper.
today, 5 day average of H versus Open comes in at 76.75.
it's just an average.
5 day average of L versus Open comes in today at 53.75
Phileo,
One thing I think important to realize, regardless of whether Miller's ideal gap down occurred or not, today is still MATD (Morning After Trend Day), and the markets tend to oscillate.
something different might unfold early afternoon (anytime after noon, more likely 1:00 to 1:30, but right now this is still MATD.
This might be last comment for day, I suffer migraines occassionally and right now have a whopper.
KO
koolblue
Rep: 48,651
Posts: 16,032
well, im not really sure how to play this scalp.. 1.618= 1062.00 already hit and the 2.618 is around 1064.75, but i doubt ill hold that long.. My gut says the 1062 should be taken out however as were very oversold short term down here.
BR
BruceM
Rep: 216,211
Posts: 19,895
so AK1 at a bare minimum you would be long on the FEB ppattern and inside bar to get hose trips.......we had the up close, then the down inside bar close....so if yoiu don't just buy or sell you would have been the buyer on the break of that down insdie bars high to get trips and hopefully get above 62.50 RAT
BR
BruceM
Rep: 216,211
Posts: 19,895
On a "z" day you will usually see at least two 30 minute bars trade through the open print...hopefully that helps the MATD plan..and the trades