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BR
BruceM
Rep: 216,211
Posts: 19,895
The following resistance points are created from trade on 9-20 and 9-21.

1193.75 Low volume

1200 key number

1205 - 1206 Low volume and the best low volume number as we move up..assuming we move up

support points are created from Mondays trade at :

1186 - 1188 low volume

1182.50 peak volume - I will not use this area for entry

1180 - 1181 low volume

1175.75 - 1176.50 low volume

71.50 - breakout point from overnight trade

as usual the low volume is where the better trades are at.

Honorable mention to the 1214 - 1215 area in case we really get a move up
CA
Capitalista
Rep: 80
Posts: 24
Hey Bruce,

Am I understanding this correctly? The pocket created from the 9:40 and 9:50 candle (Eastern time)? Or am I missing something?

Originally posted by BruceM

flat at 84 even....that bell curve behaved perfectly!! hopefuly some saw how we created low volume ( air pocket)today right thorugh yesterdays low volume.....a trade u just have to take..

Click image for original size
PH
pharlap1959
Rep: 10
Posts: 19
Hi Bruce , nice work........will you keep shorting 86 - 88 area



Originally posted by BruceM



76.....allbest sells will be up at the 86 - 88 area......BUT the concern is that we have a ledge in the overnight right at the 4 pm close of yesterday at 1190.25.......so we need to be careful on fades too early ....these may be false signals so I plan to trade a bit lighter up there

BR
BruceM
Rep: 216,211
Posts: 19,895
that is correct Sean....
BR
BruceM
Rep: 216,211
Posts: 19,895
no I wouldn't and didn't because the first test is usually the best and I was a bit paranoid about that 90.25 I mentioned before.....we also already tested the high volume node and rejected it ...so that is the main reason
Originally posted by pharlap1959

Hi Bruce , nice work........will you keep shorting 86 - 88 area



Originally posted by BruceM



76.....allbest sells will be up at the 86 - 88 area......BUT the concern is that we have a ledge in the overnight right at the 4 pm close of yesterday at 1190.25.......so we need to be careful on fades too early ....these may be false signals so I plan to trade a bit lighter up there


BR
BruceM
Rep: 216,211
Posts: 19,895
there is still air at 88.75 so I expect that to be tested from the gap fill high
CA
Capitalista
Rep: 80
Posts: 24
Yay! I'm getting it. Thanks Bruce! You're a stud! And I don't mean the ones in your shed you're building :)
DE
della
Rep: 550
Posts: 588
triing to travel out side first hour
BR
BruceM
Rep: 216,211
Posts: 19,895
Ideal next short will come above yesterdays highs into the 94 ...especially if we still have that air below....they may not give us that
SA
sandoxe
Rep: 445
Posts: 418
Long 1192.75. Stp 1190.75 1200 objective.

ES now trading 1193.25 @ 10:47 E.T
CA
Capitalista
Rep: 80
Posts: 24
I show a single print at 1189.00
NK
nkhoi
Rep: 204
Posts: 94
new video Steidlmayer Volume Strips: A New Method to Analyze the Markets http://www.cmegroup.com/education/steidlmayer-volume-strips-video.html