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TUES - 01-04-2011 (OVERNIGHT-OPEN) MACRO – The ES has broken out of the 1200-1050 bracket on the way to the 1280 area. After pausing inside 1258-1250 consolidation for 7 trading sessions to end 2010, price gapped higher yesterday and started a trend up that met responsive selling in the...

MON - 1-03-2011 - (DAY SESSION PART 2) SUMMARY - As the trend day up continued higher from the open, the first trading pullbacks were to rolling pivot areas as you watched and reacted to the flow of big picture intra-day price structure and price action. Four long setups developed - Three...

MON - 01-03-2011 - (DAY SESSION PART 1) GAP/FIRST MOVE/FIRST RETRACE - A price volume continuation buy developed at 8:39 (1264.25) for gains as price made its first move of the day higher reaching 1269.25. With the Dow up over 100 points , advance/ decline line holding in the 1600 area we...

MON - 01-03-2011 (OVERNIGHT-OPEN) MACRO – The ES has broken out of the 1200-1050 bracket on the way to the 1280 area. After pausing inside 1255-1250 consolidation for 7 trading sessions to end 2010, price is gapping higher this morning and we will look for acceptance or rejection of the...

FRI - 12-29-2010 - (DAY SESSION PART 2) SUMMARY - Price moved down to test the bottom of 1255-1250 early, held on, and then worked its way to the top of the 1255-1250 range. Beyond an opening sell followed by an opening buy, the only other trade opportunity was to buy at 1253.50 near...

FRI - 12-31-2010 (OVERNIGHT-OPEN- DAY SESSION 1) MACRO – On the daily charts, the ES has broken out of the 1200-1050 bracket on the way to the 1280 area. After moving up for almost 20 days in a row, price is now pausing inside the 1255-1250 consolidation area. Below 1250 signals a move to...

THURS - 12-29-2010 - (DAY SESSION PART 2) SUMMARY - E=MC2 trading is about big context first. This means right now the current environment of low volume/slow price action is the primary big picture context to be considered. As I mentioned in one of my E=MC2 blog comments, standard C1...

THURS - 12-30-2010 - (DAY SESSION PART 1) GAP/FIRST MOVE/FIRST RETRACE - An aggressive C1 opening sell at 1254.25 was met with a small loss when price made its first move of the day higher. A less aggressive C2 sell developed at 9:00 at 1254.50 which moved nicely to new intra-day lows on the...

THURS - 12-30-2010 (OVERNIGHT-OPEN) MACRO – On the daily charts, the ES has broken out of the 1200-1050 bracket on the way to the 1280 area. After moving up for almost 20 days in a row, it looks a like a reversal day may have been put in yesterday for a short term pullback. If price moves...

WED - 12-29-2010 - (DAY SESSION PART 2) SUMMARY - Only trade today was to get long at 1257 (9:00 or 11:00) for scalp gains, (breakeven if you didn't get filled). There is just not much trade opportunity in the trading timeframe being monitored until volatility picks up. The daily chart...

WED - 12-29-2010 - (DAY SESSION PART 1) GAP/FIRST MOVE/FIRST RETRACE - Gap up continued higher and bias remains up for trading until intra-day lows at 1255 are taken out and/or a new swing low develops later in the trading session that will take time to develop. If 1255 is taken out than...

WED - 12-29-2010 (OVERNIGHT-OPEN) MACRO – On the daily charts, the ES has broken out of the 1200-1050 bracket on the way to the 1280 area. Currently price is in an uptrend trying to break above 1255 area resistance with 1250 area support. If price moves below 1250 it will signal a move to...

TUES - 12-28-2010 - (DAY SESSION PART 2) SUMMARY - As slow holiday trading continues just a few trading opportunities in our chosen trading timeframe- 2 sells and 1 buy. Early rejection of 1255 resistance set up and early sell which offered small gains. With early day structure...

TUES - 12-28-2010 - (DAY SESSION PART 2) MIDDAY - With new swing highs holding, intra-day structure is now up at 1253.50, so trade the long side and monitor 1255 area resistance.

TUES - 12-28-2010 - (DAY SESSION PART 1) GAP/FIRST MOVE/FIRST RETRACE - Gap up above 1255 resistance moved lower into the 1255-1250 consolidation area. A price /volume/ pivot sell at 9:05 at 1252.75 offered small gains/breakeven as price moved lower to the 1250 area. Intra-day structure...

TUES - 12-28-2010 (OVERNIGHT-OPEN) MACRO – On the daily charts, the ES has broken out of the 1200-1050 bracket on the way to the 1280 area. Currently price is in an uptrend with 1255 resistance and 1250 support. If price moves below 1250 it will signal a move to 1242 daily pullback to...

MON - 12-27-2010 - (DAY SESSION PART 2) SUMMARY - Price hovered around 1251 resistance most of the morning. When price started higher above 1251 near noon, the up bias since the open aligned with the big picture, and the safest trade opportunity of the day was to buy near 1251.50 which...

MON - 12-27-2010 - (DAY SESSION PART 1) GAP/FIRST MOVE/FIRST RETRACE - The first part of the trading session moved up slowly and resulted in up bias structure to 1251 resistance to create big picture conflict. This means hold off on long trades until 1251 area is taken out, and go with...

MON - 12-27-2010 (OVERNIGHT-OPEN) MACRO – On the daily charts, the ES has broken out of the 1200-1050 bracket on the way to the 1280 area. Currently price is in an uptrend with a newly formed 1255 resistance area. If price holds below 1251 it will sign a move to 1242 support. If 1242 is...

THURS - 12-23-2010 - (DAY SESSION PART 2) SUMMARY - Until intra-day volatility re-establishes itself it has been clear for many days now that the best trading opportunities are big picture based, and require patience. Price movement relative to support-resistance hasn't changed . The pace...