ES Friday 9-23-11


The numbers below are for Friday. The bold numbers are important S/Rs. the others are minor s/r. If you find congruency between the numbers posted below and the ones you got, and the market is trending in that direction, then it's most likely the market will hit it.

For Sep. 23. Friday:

Buy above 1125.32

with 1129.75 / 1133 / 1143 / 1147
Extreme 1151/1152
as outside resistance and objectives.

Sell below 1121.14

with 1113 / 1108.25 / 1103.75 / 1100 / 1096
Extreme 1087 / 1075
as downside support and objectives.

As always, the market has the last word and in due time will show us the way.
I see for you the same I see for my self: having the very best of luck, and fun, profitable trading day!
here is the two day profile...normally I'm not a huge fan of combining profiles but when we trade inside to the previous day it sometimes comes in handy.....this is just one big bell curve and I think break out trades are much harder in this environment.....

Obviously anything can happen and does but the probability isn't huge for the trend...I'd be more inclined to see trade back to the center in the 23 area again....
Click image for original size
twodaybell
trying again@30
moved stop to 31
Moving protecting stp up to 1127.75 ES trading 1129.25 @ 10:17 E.T.T
stopped out.. Good call sandoxe, I'm clearly thinking the wrong side here
ES now testing the 1132 again. Moving stp up to 1128.75
ES trading 1132.00 @ 11:21 E.T.
ES overcame 1132. We need momo to 1137. Moving stp up to 1129.00
ES now trading 1132.25 11:24 E.T
A up level here.. stay above 29, there may be a lot more to the upside. May try a long@29..
they wantthat low vol at 28.75...volume chart is spotty...lots of holes....!!
Failure at 1132 when tested as support. moving stp up to 1130.00
ES now trading 113075. @ 11:27 E.T.
Thanks to you, and have a great weekend.