ES Tuesday 12-13-11

Here's what I've got for my ES MAP of PASR ZONES using a 30min chart of 20 days of data coming into Tuesday's trading. The Red lines are potential significant levels with Magenta lines as semi-significant. The White dashed lines are the Weekly Pivots. The Green line is an unclosed gap level. The Light Blue Volume Profile of the past "rolling" 20 days is displayed on the right vertical axis. The Gray background shows non-RTH price activity. Hope, as always, that this is helpful to some as a "MAP."

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es 30m sr for 121311

And here's the All Trading Hours Daily (continuous contract) for the ES. We've had some WR days with the 200sma and 50sma containing price as they're converging, fwiw ... with the Yellow down trend line still intact. Just a bigger view to combine visually with the 30min PASR chart for better analysis.

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es daily for 121311

Just to point out some levels here:

1262-63 Daily Trendline Down
1258 200 Day SMA
1246-47 Wkly Pvt / Fib Retracement
1238-39 Daily R1 (RTH Calcs.) / PASR / 1-2 Day VolProf Low Volume area and 20 day rollin VolProf Low Volume area / Fib Retracement
1220-22 Daily S1 / 50 Day SMA / PASR
Thanks MM. The key low volume areas I am working from are:

1225 - 1226

1232- 1233

1235 - 1236


1243.75 - 1245

Interesting how the market will trade to where the big volume is on the VERTICAL scale . Those numbers are:




On the Ym the low volume areas are:

11905 - 11920

11977 - 11982

12021 - 12027

12068 - 12075

Hoping tomorrow leads to some better trading.Damn these ranges and key areas are fairly tight in some spots.
Just some commentary from experience fwiw. These "overlapping" WR Daily bars tend to retrace back and forth a lot. It's not a sure-thang (nothing is), but my read on the market is that there's another at least partial retrace of Monday's daily bar.

I'm looking at 1239-40 as a "magnet" ... which may take place overnight. Just my extra cent-and-a-half if price punches up and holds above the 1232-33 PASR line I had.
computer still mested up internet exsporer and tradestation not getting along
looking for 40.50 to be selling 41.75 !!

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2011 12 130939
adding at 42.50 footprints working!!
See BIG volumes, where yest's POC was taken

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2011 12 130948
44.25 LV 12/09 market up oil up on Iran
Coming to yes's volume trough @ 1244.50

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2011 12 131002
Gap is getting slowly filled...lookin at 1200 range....wednesday?