ES Tuesday 11/12/13

Good morning..

thanks for starting the thread kool, u beat me to it

for me same drill as yest, first chart is just rth and second one incldues all session data...

seems like overnight they tested that 62.75 area i was looking at yest...looking below same thoughts apply as yest, but a bit more cautious abt this 62 ish area since it has been tested a few times now (i will probably wait for the 56.5-58 area if that 62-62.75 area fails...after that i think the most important supp will come from the 50.25-52.25, with 46 below it)

above, 66-67.5 is the first resist area and above that shorts from 70-71.5 could still be valid for a trade down to yest vpoc area around 67.5, but we have tested that 70-71ish area a few times too so will not overstay my welcome there as the all time highs lie right above...78-78.5 is still confluence of weekly and daily pivots for me so iwill watch taht if we travel up there

Good morning all. I agree that 62 area appears significant. I have 62.50 marked and a move below that I think would revisit our 58.50 number. Above I still like a run up to 74-75 if we can hold above 67.50. It seems the pressure is to the downside overnight, the bulls would have to keep it in this latest balance above 62.

great job,Nick. It looks like we have the same numbers, as we often do. I would only refine the 50.25-52.25 to 1751.25-75.Notice that huge vol at triangle apex 1767.50. Now you guys see why i was trying to sell it yeaterday.. this of course the move i had hoped to see.

noted, thanks kool

Originally posted by koolblue

great job,Nick. It looks like we have the same numbers, as we often do. I would only refine the 50.25-52.25 to 1751.25-75.Notice that huge vol at triangle apex 1767.50. Now you guys see why i was trying to sell it yeaterday.. this of course the move i had hoped to see.

shows Nicks 50-52 support and 78 res. 59-61 important area to hold 2 emas

Not seeing a whole lot this morning pre-open...

60 minute RTH Fisher turned down so we need to keep an eye on that because if that turn were to get legs then significant downside bias today would be in order. Too soon to tell right now, but keep it in the back of our minds as the morning develops.

1770' ish resistance zone as noted...

RTH opened right on the 15 minute blue line and keltner support...

that 62ish area held again, internals were nose diving so i didi not take it, which seems like the wrong decision so far lol

now, we have held above that area since fri afternoon so the more we consolidate the more violent the break will be...so if we were to break to the downside, let's say in the afternoon, i will probably skip that 56.5-58ish area in favor of sthg closer to 52...was hoping they would poke below it this morning for a quicktrade back up to that 62-62.75 zone

wow. hows that for triangle resistance!

Great call PT...glad to see you and kool back on my pivots