Here's what I've got looking at the ES 30min chart of 20 days. The Gray background is the "overnight" trading. The right vertical axis shows the 20-days worth of Volume at Price in Light Blue. The Red lines are my PASR "zones" of potential S/R with the Magenta potential semi-significant. The White dashed lines are the Weekly Pivots.
Have a Yellow line above the current market that looks like a potential significant Fib cluster area to me. Also, I've drawn in a Cyan trendline across the top swings of prices. I've adjusted some of the lines/levels/zones since the last posting of my "map". Hope it's helpful to both ES and equity traders!
PA
PAUL9
Rep: 14,898
Posts: 1,170
I talked about 1 tick "fakeout" yesterday (or day before?).
Today, so far, "1 tick takeout" where H for today took out yesterday's H by 1 tick, as long as 58.75 is not exceeded, would play short-side scalps,
break point for something more to the downside would be 54.50, Pivot based on RTH only. If price tests there it is either support or it isn't and if it isn't, target 49.50 (plus 3 tick) = 50.25 (I always allow 3 ticks as close enough)
And I'm out of here, I have to go deliver my check for township taxes, oh the joy, the joy, the joy of home ownership.
good luck to all.
Today, so far, "1 tick takeout" where H for today took out yesterday's H by 1 tick, as long as 58.75 is not exceeded, would play short-side scalps,
break point for something more to the downside would be 54.50, Pivot based on RTH only. If price tests there it is either support or it isn't and if it isn't, target 49.50 (plus 3 tick) = 50.25 (I always allow 3 ticks as close enough)
And I'm out of here, I have to go deliver my check for township taxes, oh the joy, the joy, the joy of home ownership.
good luck to all.
BR
BruceM
Rep: 216,211
Posts: 19,895
trying new sells at 58.25...will watch hour highs should they go for the breakout...56.75 is tightening point..so far symetric again..concern here is that they seem to be accepting price above the peak volume from YD and the ON
BR
BruceM
Rep: 216,211
Posts: 19,895
interesting that my CD is trending lower as price trends higher.....
LI
Lisa P
Rep: 6,498
Posts: 1,428
TICK also trends lower as price rises - 3rd day same. Must be the Royal Wedding...



