ES Short Term Trading 8-26-2010

Range Based S/R

R1 = 1063.00
S1 = 1031.75
R2 = 1068.125
S2 = 1026.625

Steenbarger Pivot = 1051.00

Yes Bruce. Solid thinking for sure.

Originally posted by BruceM

a key point from today is trading on BOTH sides of the 60 minute range...it is fairly rare to break both sides ( extremes) and THEN come back to take out the first side again....does that make any sense?

Today we broke the high first and then the low...so it would be rare ( it does happen sometimes) to come back and take out the high AGAIN...so selling rallies after that low was run was a good thing to do.....hope that is understandable