ES Short Term Trading 02-16-2011

Here is the developing RTH profile. So far most of the volume is right around that HVN (green line) at 1326.25.

Covering both contracts here..at 1330.25

KB,

I draw a big full size fib from todays high to yesterday low and I see a fib of 50% on 1329.25. I believe this is a nice scalp at this point for a couples of handles. Lets see the market has the last word.

Next I think I need confluence with other numbers

Could be John!..Im just a little skittish for the reasons laid out above... covered 1330.25 on both.. now up 3 handles on the day...

Originally posted by bbrad63

Click image for original size

Next I think I need confluence with other numbers

note the 30 min air at 1331.50 (which is also the one min number i showed... gotta believe that happens soon

Well Kools tools followers were not surprised by the brick wall at 1336, but i wondered how the street will try to explain it... from cnbc website.."Stocks Trim Gains Amid Iran Concerns"...LOL

Yes I understand (1.618)

I'll attempt a short scalp at 1331.50...tight stop!

Originally posted by koolblue

Well Kools tools followers were not surprised by the brick wall at 1336, but i wondered how the street will try to explain it... from cnbc website.."Stocks Trim Gains Amid Iran Concerns"...LOL

"Stocks significantly pared gains amid word out of Israel that Iranian warships would be going through the Suez Canal." lol oh oh!

Slumber well Kool and thanks to all