MyPivots
Sign In
    LO
    Lorn
    Rep: 16,037
    Posts: 1,406
    1
    Range Based S/R for July 28, 2010

    R1 = 1122
    S1 = 1102.75
    R2 = 1125.125
    S2 = 1099.625
    LO
    Lorn
    Rep: 16,037
    Posts: 1,406
    1
    Notice the early morning fall and close beneath VWAP then rally back to it followed by the sell off after 8:30 news.

    Will be important for prices to get above VWAP if the bulls want to lead today.


    Click image for original size
    LO
    Lorn
    Rep: 16,037
    Posts: 1,406
    0
    Opening 15 minutes challenged VWAP but has been rejected. Volume is low up to this point though.
    DA
    DavidS
    Rep: 3,181
    Posts: 557
    2
    What's all the congestion about? Nobody has mentioned it but 1107.5 is the 50% retrace of the entire decline from 1200+. Seeing it from below now.
    Click image for original size
    HA
    hari
    Rep: 470
    Posts: 60
    4
    other significant support numbers:

    Last week's high: 1101.50
    This weeks low so far: 1097.75



    Originally posted by Lorn

    Range Based S/R for July 28, 2010

    R1 = 1122
    S1 = 1102.75
    R2 = 1125.125
    S2 = 1099.625
    LO
    Lorn
    Rep: 16,037
    Posts: 1,406
    0
    (Edited )
    VWAP has continued to act as resistance but this low volume is preventing prices from extending downward. Perhaps there are still some prices higher that need to be revisited?
    HA
    hari
    Rep: 470
    Posts: 60
    2
    Today's OR:

    • OR 5min 15min 30min 60min High 1109.75 1111.50 1111.50 1111.50 Low 1107.75 1107.75 1106.50 1104.50 Range 2pts 3.75pts 5pts 7pts
    LO
    Lorn
    Rep: 16,037
    Posts: 1,406
    0
    Great share Hari!

    Originally posted by hari

    Today's OR:

    • OR 5min 15min 30min 60min High 1109.75 1111.50 1111.50 1111.50 Low 1107.75 1107.75 1106.50 1104.50 Range 2pts 3.75pts 5pts 7pts

    HA
    hari
    Rep: 470
    Posts: 60
    0
    Thank you Lorn, you too have been posting great stuff! Thanks for your time.

    Originally posted by Lorn

    Great share Hari!

    Originally posted by hari

    Today's OR:

    • OR 5min 15min 30min 60min High 1109.75 1111.50 1111.50 1111.50 Low 1107.75 1107.75 1106.50 1104.50 Range 2pts 3.75pts 5pts 7pts


    DA
    DavidS
    Rep: 3,181
    Posts: 557
    1
    5 waves downs and 3 wave up is no way to trade long. I don't like the pattern from a long perspective but can respect the price ten ways to Sunday.
    Corrective wave that may go to 1009.5 unless it's done. Can they pump it up for lunch? Midday on a Wed.
    I think the 50% equivalaent in the cash is 1111. Looking for 1002 area ascending S/R line.
    MO
    MonkeyMeat
    Rep: 12,738
    Posts: 1,334
    10
    Hey David ... you left off a couple of lines ... it's cool, I fixed it.

    Click image for original size
    HA
    hari
    Rep: 470
    Posts: 60
    0
    Originally posted by day trading

    Originally posted by hari

    Some of you may have been trading for more than a decade, what is the smallest daily range you remember seeing in ES (RTH)?
    The range today ( so far ) is only 8 points.


    If I remember correctly it was something like 3.25 points and it was the day before Thanksgiving Day.



    Thanks DT.