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MO
MonkeyMeat
Rep: 12,738
Posts: 1,334
Just to kick off the topic with what I've got on an ES 30-minute chart showing PASR levels in Blue with the light dashed lines being Wkly Pvt levels. Merely a "map" coming into Wednesday's trading. Also, am posting from TradeStation charting, the Weekly Volume at Price HVN price areas from RTH. Not much changes in price levels from last posting of my charts. Hope some folks find this useful!
BR
BruceM
Rep: 216,211
Posts: 19,895
trading for 24 retest off 25.75......this third and last try on short fade for now....will pirce attract back to the 22.75 or make new highs to go back uo to 28 volume?.....we shall see
LO
Lorn
Rep: 16,037
Posts: 1,406
Still have shorts being held as per cum delta readings from the 28.75 turn and the wipe out of ON longs at 17.25 but price still hasn't visited 17.25 so if those early RTH shorts decide to cover price will rise quickly to test 28.75, otherwise lower prices seem next in line. How is that for uncertainty!!!? LOL
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KO
koolblue
Rep: 48,651
Posts: 16,032
If prices cant hold here around 1223 (the 13 min vwap) theyre likely to go to 1221.00-1221.50...at least . i
ll likely try a long around 1221.25.
ll likely try a long around 1221.25.
BR
BruceM
Rep: 216,211
Posts: 19,895
gt my 22.75...holding one...lol! hopefully u saw the hidden air inside 60 minute range
BR
BruceM
Rep: 216,211
Posts: 19,895
hoping now they try to keep this symetric off the 25 - 26 area...to go back to center and fill in volume....
BR
BruceM
Rep: 216,211
Posts: 19,895
lorns chart shows it well with that low volume inthe center...so expecting 24 to revist again is a good idea unlsee the volume comes in to spike us out of range
BR
BruceM
Rep: 216,211
Posts: 19,895
will keep selling and small until new highs...if they come..otherwise 26 sells or higher are prefered to target 24 area..eventually they will bust it free and we will lose so keeping it small just in case
BR
BruceM
Rep: 216,211
Posts: 19,895
those who are trying buy the breakouts will cover if it gets back below 25.75 and hopefully help fuel our decline and if they are right they will buy more above that 27.25 high.....I will lose there too...
so this needs to go quick.....odds of some kind of move increase the more we consolidate
so this needs to go quick.....odds of some kind of move increase the more we consolidate