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THURS - 12-23-2010 - (DAY SESSION PART 1) GAP/FIRST MOVE/FIRST RETRACE - If you were very aggressive a price/volume sell may have been entered at 1252.25 shortly after the open in a mechanical C3 buy condition. Expectations were for a penetration of overnight lows at 1251.50 to lead the...

THURS - 12-23-2010 (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 moves below 1251 it will confirm a 1255-1245 consolidation area...

Yes, watching price action the last two days was just trend like price action for back to back days ---with slow conditions in place etc.. At some point a consolidation or pullback will take place, and in this case the volume extreme breakdown (going back over two days, or a long continuous...

WED - 12-22-2010 - (DAY SESSION PART 2) SUMMARY - Price trended steadily higher all morning till noon (up to 1254.75) providing gain opportunities for those holding long trades from early in the trading session. The first sign of responsive selling entered the picture just before 12:30...

WED - 12-22-2010 - (DAY SESSION PART 1) GAP/FIRST MOVE/FIRST RETRACE - The only trade opportunity near the open was to get long as part of continuation of the slow uptrend that has been in steadily in place since yesterdays breakout of 6 days of overlapping price action. Price continues to...

WED - 12-22-2010 (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 no clear resistance and we are monitoring to see where the patients sellers come in. Monitoring yesterdays high...

In many of the posts throughout this thread I have listed the the exact time/ price for entries based on the way I tie developing intra-day structure into the bigger picture analysis. presented.....so I am trying to show where the highest probabilities entries form relative to this style of...

TUES – 12-21-2010 – (DAY SESSION PART 2) SUMMARY – Big picture analysis coupled with unfolding intra-day structure pointed to trend like conditions early, and price did trend higher all day in continued slow holiday trading. It is best to trade trend days passively, and the best...

TUES - 12-21-2010 - (DAY SESSION PART 1) GAP/FIRST MOVE/FIRST RETRACE - Price gapped higher, and spent most of the first part of the session coiling with no clear trade signals either way. This usually signals strong continuation, so look for a trend day up to form from here and monitor...

TUES - 12-21-2010 (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 and trying to break above the 1242-1230 area with big picture 1220 pullback to swing support if price moves below...

MON - 12-20-2010 - (DAY SESSION PART 2) SUMMARY - A nice C2 sell developed just before 10:00 for a swing lower to test the 1235 support area based on the 1240-1235 chop range. Next, a price/volume counter-trend long developed near 10:30 for a move higher to test the expected 1241...

MON - 12-20-2010 - (DAY SESSION PART 1) GAP/FIRST MOVE/FIRST RETRACE - After a gap up the first move of the day was lower with a fade the gap price/volume sell at 1242.00 and once price broke below 1240, 1235 overnight low area was the first target. Price is now in the middle of a wide...

MON - 12-20-2010 (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 and trying to break above the 1240-1230 area with big picture 1220 pullback to swing support if price moves below...

FRI - 12-17-2010 - (DAY SESSION PART 2) SUMMARY - Price made another push lower to 1235 just before 10:00, turned higher, and with a big picture 1240-1235 chop view, a long price/volume set up developed around 10:30 at 1237.25 for a push to the 1240 area. With very slow price action ...

FRI - 12-17-2010 - (DAY SESSION PART 1) GAP/FIRST MOVE/FIRST RETRACE - Very tight start to today's session. The only setup early was a price/volume sell at around 8:40 at 1237 for a test of the 1235 support lows, and the first move of the day ended up being a very slight 2 point move lower...

FRI - 12-17-2010 (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 inside 1240-1230 with big picture 1220 pullback to swing support. 1230 is latest support. If 1230 is re-entered...

THURS - 12-16-2010 - (DAY SESSION PART 2) SUMMARY - Price made another probe below 1230, and then rebounded sharply above 1232 and even 1235 to set the path back up to the top of the 1240-1230 range. There was a small loss from a sell trade that couldn't break through 1230, and the sharp...

THURS - 12-16-2010 - (DAY SESSION PART 1) GAP/FIRST MOVE/FIRST RETRACE - Price made a first move higher inside 1235-1230 chop which represented a normal pullback in a downtrend from yesterday. The aggressive first trade of the day was a short around 8:50 near 1231.50 as price and volume were...

THURS - 12-16-2010 (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 inside 1240-1230 with big picture 1220 pullback to swing support. 1230 is latest support. If 1230 is re-entered...

WED - 12-15-2010 - (DAY SESSION PART 2) SUMMARY - From the bounce off the 1240-1230 low overnight, price worked its way up to 1240 as expected. From there price met resistance, moved below 1235 and the intra-day bias turned down. A pause at 1232 was logical, and a pullback to 1235...