ES Journal Archive (2006 - 2008)

3. 15 min OR at 905
4. uptrendline from premarket lows at 904-905
5. prev resistance now should be support 905-906

 

Don't forget 30 minute OR high! 906.

 

Anybody have any Christmas trading period statistics?

 

Yeap ... the real fight begins now.

Bull must not let it slip under 900, or all hell break loose

 

I don't think they let the shorts stand at the dt.

 

I must say very persistent market - two hourly closes at the 917/919 level.

But, if it can't get over that zone then I am afraid it must go down. Lots of energy spent in trying to get over 920.

Looks ready to collapse as far as I am concerned. But....MACD above zero, mom oscillator above zero, up trendline intact

 

vol,wheres your non t boys?

 

Until recently, I never gave VWAP serious attention when trading the ES (I always saw it more as a way for MM to keep score when filling orders for stocks). Here are some interesting articles on VWAP:

1. http://newsletter.neoticker.com/2006/06/25/vwap-based-pivots/

2. http://traderfeed.blogspot.com/search?q=VWAP

3. http://alphatrends.blogspot.com/2007/11/institutional-trading-benchmark.html

 

Day's not over yet.

 

Still testing the upper end of range.