ES Journal - 2013

50-day EMA currently at 1762; if that fails there's huge airspace to the downside.

 

out 74.5, i think it's a false break to the downside

 

There's previous R becomes S around 1773-1774 (old breakout highs on the daily), but not a lot of volume on the defense here.

 

You just looking at vol on dec contract though? Some has moved to March...

 

is this regarding march contract?

 

I'm looking at Dec. Ammo has the uvol/dvol, but looks heavy on the down. VWAP's flat (78.50) and price is creeping toward it. UTL of channel around 79.50.

 

long is the trade now we going to touch 1784 today or in overnight session

 

Not sure what uvol/dvol means.

How do you filter out the (presumed) large volume today which is purely index arbs unwinding trades from volume which is "genuine" speculation?

 

my simple thinking mind would say ignore volume on rollover days in your analysis....problem solved....does it sound ok?

 

Up vol and down vol.

That's too much thinking for me, Vis. I'd never put on a trade if I contemplated that too much (I do contemplate it after hours, LOL!)

BTW, do not look at a chart of crude oil or you'll be turned to stone immediately. :eek: