ES Short Term Trading for 3-21-2011

Thought I'd go ahead and launch Monday's ES goodies for folks to add to. Posting my Monkey MAP of the ES June contract, 30min bars for 20 days. The Red lines are potentially significant PASR levels with Magenta as semi-significant. The Whitish dashed lines are the Weekly Pivots. The 2 Yellow lines are a Fib Cluster that stood out to me in that zone. And fwiw, I also included in Green, an Andrews Pitchfork since it "felt" right for what I was looking at. The right vertical Blue lines are Volume at Price. Hope this is a helpful MAP to folks!

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es 30m sr for 32111

Lots of lines ... but I'm showing roughly 100 points with this particular chart.
Action on NQ "gap close"
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2011 03 210955
this market seems to be indecisive about price... shaping up to be a real yawner today if they can't get it figured out. on my 1 hour chart, looks like we are getting close to a top. so with my luck this morning, that would mean buy it
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es 06 11 60 min 3212011
stopped out and tring again from out of the way now
textbook $tick and volume divergence..but will it be enough..targeing 93.50 first.....hoping this is it and dumb money is now buying
took short 1295
stop loss 4 points
target 1292
classic stuff....volume comes in infront of the key number and then we get the divergence with a first target back to the key volume.....the step one volume!

ad line is at target is 91.50 if runners not stopped.....otherwise will need to sell above IB high
the simplest way to think about all this is that there will be those of us trying to fiqure out if a volume level is being accepted or rejected .....and that's what makes the bulls and bears...the bulls want 1300 and higher and us bears want 91.50 and lower

the trick is always looking for the subtle directional ( or lack of direction) clues
all key volume still at 93.50 today...they are trying to push up away from it on light volume...expect trade back down!!
hoping that was the last push up now...internals breaking down slightly....very slightly!!
here's the 240 chart showing we are topped out and we are at 61.67 since the down trend began... my way of thinking, if there's going to be a reversal back down it will be here today or tomorrow. hope it works out that way

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es 06 11 240 min 3212011

JP Morgan was a big Buyer today , he/they bought > 90ish LONG with over 2.000 Contrats alltogether again and again...Audiotrader i listen the big one 250,- $ ES Contract for 1 Point. So 1 Point was worth 500.000,- $ and thats realy big Numbers for JP .

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