ES short term trading 7-6-10

This week's Economic Events.

It's days that you "don't believe" the one sided trade that seem to just keep going. (I know, in my stubborn past, I've been on the other side)

that outside bar created 10:00-10:05 was reaction to weaker than expected ISM services number.

Pretty bullish if the selling reversed in a 5 min window.

added at the RAT!!!...no signs of selling ...tricky trade

34 fills all air today so far

so far I'm not impressed by the breakout volume...lower or on par to Thursday and Friday.....

1038.5 = 34 pt range today
what are the odds that we've seen the HoD ?

FYI, that response to the bad ISM number was a bonafide breakout, as both Euro and Crude broke out to new session highs at around the same time.

Pretty bullish signal if you ask me.

Originally posted by BruceM

34 fills all air today so far

1034.25 but no further.... they're teasing you, Bruce!

Mornin.
Where to?

yes Phileo..those double 34.25 will get broke I believe and soon

that is two non - consecutive lows on 5 minute at 34.25...seems early to have one of those..usually expect that kind of stuff over lunch..

hour needs to run too but which side??

Here's another view of the same chart that BruceM posted above. I've stretched it out vertically to make the air pockets clearer.