ES Short Term Trading 6-18-10

giant 12 point consolidation....1113 - 1101 ..key between at 1106.50...other is 1117 - 1118.75 and 1125..selling rallies today

Triples that fail go down 8 - 10 points off the failure....so if the 1114.25 can't get traded ( broken)to we will see 1106 - 1104 today

battle at develolpoing VA low....no fades for me now....

Triple mania today.

yes..that tells ya something about volume too as Trips usually form in low volume trade times

are you an optimist or pessimist ? The pessimist will focus on the one triple that didn't run out....The optimist will find a way to make the triples work with their style of trading...

Have a great weekend everyone!!

Originally posted by koolblue

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any body notice the 'termination' ratio 4.236 number i posted at 11:10 and 11:29 this morning? hmmmmm

That was also the globex low at 6:00am i think, a natural 'magnet'. i thought we might see boring mish mash today, ending up sideways... and the june es finished unchanged!..Look for downside action next week,imho! c ya!