ES Short Term Trading 10-15-10

Here's what I've got with a Daily and 30 minute ES chart. The Daily is all-hours-trading with the yellow lines denoting the 786 and 886 fib retracements ... also in cyan is an Andrews Pitchfork that I've had drawn in for a week or two where price has been riding up the midline.

The 30 minute has the horizontal lines in Blue that denote potentially significant Price Action Support/Resistance areas. The Magenta lines are less significant. The horizontal cyan dashed lines are the Wkly Pivots.

This simply provides a map of the market for me. Hope, as always, that it's helpful to others.

I'm using 76.50 as the initial magnet price as that is where the ledge ( double top) was in O/N session...so that is first target from the 79 area......there is also a gap in the data from O/N volume spikes but not as reliable ..down near 1175...RATS...will only add if I see 81.50 in day session before target

Only other notable spot is that 69 number as that was a Low volume area from YD session and just under O/N low....

taking the short again at 79.25..reports in 20 minutes....be prepared .....we know where zone is...81 - 83....if they want to run us out

best fill is 76.25..have two left for a gap fill in case report is kind to me....otherwise 78 takes em out

Kool's Tools projection from 80-74 move = 64.25

KT projection from the 63-65.75 move = 70.25, unless 63 is taken out, fwiw

trips at 67.75 so bias is short off 71 area

71 is 50% back on down move...! Only Fib I like...if it actually is a fib!!

trips gonna run soon....gotta fill in the low volume of 69 some more first

stck inside 60 minute so they will play with 69 area...so sell above there

U DA MAN, BRUCE!!!!!!